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Problems: Series B PR 16-1B Statement of Cash Flows (Obj. 2, 3, 4, 5) The comparative balance sheet of Merrick Equipment Co. for December 31,
Problems: Series B PR 16-1B Statement of Cash Flows (Obj. 2, 3, 4, 5) The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Cash...... Accounts receivable (net)....... Inventories........ Investments..... Land......... Assets Equipment........ Accumulated depreciation equipment.. Total assets........ Accounts payable......... Accrued expenses payable...... Dividends payable........ Common stock, $1 par....... Liabilities and Stockholders' Equity Details Paid-in capital in excess of par.. Retained earnings........... Total liabilities and stockholders' equity....... Dec. 31, 20Y9 $ 70,720 207,230 298,520 0 295,800 438,600 (99,110) $1,211,760 $ 205,700 30,600 25,500 202,000 354,000 393,960 $1,211,760 Dec. 31, 2018 $ 47,940 188,190 289,850 102,000 0 358,020 (84,320) $901,680 $194,140 26,860 20,400 102,000 204,000 354,280 $901,680 P Additional data obtained from an examination of the accounts in the ledger for 20Y9 a
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