Statement of Cach Flaws-Direct Method Applied to PR:16-18 The comparative belance sheet of Merrick Equipment Co, for Dec. 31 , 20r9 and 20YB, is as followa. 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 $91,800cash. d. The common stock was issued for cash. e. There was a $102,000 debit to Retained Earnings for cash dividends declared. Net cash flows from financinq activities Netincrease in cath v Cash balance, January 1,20y9 Cash balance, December 31, 20y9 Fecdsark Statement of Cach Flaws-Direct Method Applied to PR:16-18 The comparative belance sheet of Merrick Equipment Co, for Dec. 31 , 20r9 and 20YB, is as followa. 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 $91,800cash. d. The common stock was issued for cash. e. There was a $102,000 debit to Retained Earnings for cash dividends declared. Net cash flows from financinq activities Netincrease in cath v Cash balance, January 1,20y9 Cash balance, December 31, 20y9 Fecdsark