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Statement of Cash Flows-indirect Mothod The comparative balance sheet of Merrick. Equipment Co. for December 31, 20 g and 20Y8; is as follows: a. Equipment and land were acquired for cash, b. There were no disposals of equipment during the ycar: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $116,660 cash. d. The common stock was issued for cash. e. There was a $68,100 credit to Retained Earnings for net income. f. There was a $40,050 debit to Retained Earnings for cash dividends deciared. Statement of Cash Flows For the Year Ended December 31, 20 Y9 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: Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities Cash balance, January 1, 20Y9 Cash balance, December 31,20Y