Statement of Cash Flows halamma ehnat nf Marrirk Fnuinment Cn. for December 31,20Y9 and 20Y8, is as follows: Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use outflows, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9 Cash flows from (used for) operating activities: Net income > Adjustments to reconcile net income to net cash flows from (used for) operating activities: Depreciation Los5 on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Increase in accounts payable Decrease in accrued expenses payable Net cash flows from operating activities Cash flows from (used for) investing activities: Cash received from sale of investments Cash paid for purchase of land Cash paid for purchase of equipment Net cash fiows used for investing activities Cash flows from (used for) financing activities: Cash received from issuing common stock =V Check My Work Cash flows from (used for) financing activities: Cash received from issuing common stock Cash dividends Net cash flows from financing activities Net increase in cash Cash balance, January 1, 20Y9 Cash balance, December 31,20Y9