Retained earnings

$\frac{639,490}{\text{\$}1,197,570},$$$1,035,{900}_{{?}_{?}}$

Additional data obtained from an examination of the accounts in the ledger for $20Y9$ 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 $$109,080$ cash.

d$.$ The common stock was issued for cash.

e$.$ There was a $$84,240$ credit to Retained Earnings for net income.

f$.$ There was a $$48,690$ debit to Retained Earnings for cash dividends declared.

Required:

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the mi decreases in cash, or any negative adjustments.

Merrick Equipment Co$.$

Statement of Cash Flows

For the Year Ended December $31,20$Y$9$

Cash flows from operating activities:

$$

Adjustments to reconcile net income to net cash flow from operating activities:

$$

$$

Changes in current operating assets and liabilities:

$$

$$

Increase in inventories