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Statement of Cash Fiows The comparative balance shect of Merrick Equipment Co. for December 31,20Y9 and 20Y8, is as follows: Additional data obtained from an
Statement of Cash Fiows The comparative balance shect of Merrick Equipment Co. for December 31,20Y9 and 20Y8, is as follows: Additional data obtained from an examination of the accounts in the ledger for 20 y9 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 $82,920 cash. d. The common stock was issued for cash. e. There was a $65,750 credit to Retained Earnings for net income. f. There was a 537,010 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating: activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Changes in current operating assets and labilities: Net cash flows from operating activities Cash flows from (used for) investing activities: Net cash flows used for investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities Cash balance, January 1,20 , 9 Cash balance, December 31, 20 y
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