Show Me How Printem The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2008, is as follows: Dec 31, 2019 Dec 31, 2018 Assets Cash $275,450 5258,500 Accounts receivable (net) 99.790 92.880 Inventories 281,080 274,990 Investments 106,530 Land 144.400 0 Equipment 310,790 243.110 Accumulated depreciation equipment 172.760) (65.550) 3910,540 Total assets 51,039.430 Liabilities and Stockholders' Equity Accounts payable (merchandise creditor) Accrued expenses payable (operating expenses Dividends payable Common stock $10 par Pald-in capital in excess of par common stock Retained earnings The and have $188,140 18.710 10,390 56,130 211.000 5179,380 23.670 8.100 44,620 123,30 555,000 530.550 9910.540 $1.099.430 67" Mostly cloudy d THAM V11 a o PR Nem 13.ALGO Additional data obtained from an examination of the accounts in the ledger for 2019 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 $124,640 cash. d. The common stock was issued for cash. e. There was a $67,010 credit to Retained Earnings for net income. f. There was a $42,800 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 minus sign to indicate outflows, cash payments, decreases in cash, or any negative adjustments Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from (used for operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: ebook Show Me How Printem 1. PR. 13.01B ALGO Changes in current operating assets and liabilities Net cash flow from operating activities Cashflows from used for investing activities 10 DO DE Daha Net cash flow used for investing activities Cash flows from used for financing activities Net cash flow from financing activities Cai balance mary 1 2019 Cash bace December 2010 1-6951-b.tt 67F Mostly doudy o I 13 Type here to search