req) eBook 0 Show Me How Statement of Cash Hows-Indirect Method The comparative balance sheet of Mernok Equipment Co. for December 31, 2009 and 2078, is as follows: Dec. 31, Dec. 31, 0 2019 2018 Assets 30 $301,080 Cash Accounts receivable (net) 109,070 307,890 $277,810 99,280 295,430 GO 0 114,450 0 Inventories Investments Land Equipment Accumulated depreciation equipment Total assets 157,920 339,710 (79,530) $1,136,140 261,180 (70,430) $978,220 5205,640 20,450 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $10 por Paid in capital in excess of or common stock Retained earnings $192,710 25.430 8,800 11,360 61,350 230,640 606,700 47,930 133,040 570,310 Check My Work 2 more Check My Work uses remaining 5/8 Items ngagenow.com/ilm/takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress=false YouTube Maps Translated News Chrome Web Store eBook Show Me How Accounts payable (merchandise creditors) $205,640 $192,710 Accrued expenses payable (operating expenses) 20,450 25,430 Dividends payable 11,360 8,800 Common stock, $10 par 61,350 47,930 Paid-in capital in excess of par-common stock 230,640 133,040 Retained earnings 606,700 570,310 Total liabilities and stockholders' equity $1,136,140 $978,220 Additional data obtained from an examination of the accounts in the ledger for 2049 are as follows: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $133,910 cash. d. The common stock was issued for cash. e. There was a $82,370 credit to Retained Earnings for net income. f. There was a $45,980 debit to Retained Earnings for cash dividends declared. Required: