Statement of Case Fiows-indirect Method The cemparative balatice sheet of Merrick Equpment Co, for December 31, 20r9 and 20y8, is as foliows Addicional data obeained from an examinabion of the accounts in the ledger for 20y9 are as follows: a. Equipment and land were acquired for cash. b. There were no d sposals of equipment during the yeac. c. The investments were sold for $106,000 cash. d. The common stock was issued for eash. e. There was a $60,820 credit to Aletained Earnings for net income. f. There was a $36,420 debit to Aetained Earnings for cant dividends declared. Merrick Equipment Co