retement of cash flows-indirect method he comparative balance sheet of Merrick Equipment Co. for December 31,20Y and 20Y8, is as follows: Iddeional data obtained from an examinatbon of the acoounts in the ledger for 20r are as folions: B. Eguloment and tand were acquired for cach b. There were no disposals of equipmont during the veen c. The investments were sold for $109,500 cash. a. The common stock was issued for cash. e. There was a $57,700 crecit 10 Retaned Earnings for net income. 1. There was a $37,600 debit to Retahed Earnings for cach dividends declared. Required: regative adjentments. Merrick Equipment Co. statement of Cash Flows