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Statement of cash flows - indirect method The comparative balance sheet of Merrick Equipment Co . for December 3 1 , 2 0 Y 9

Statement of cash flows-indirect method
The comparative balance sheet 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 Y 9 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 $102,900 cash.
d. The common stock was issued for cash.
e. There was a $54,280 credit to Retained Earnings for net income.
f. There was a $35,330 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.
Merrick Equipment Co.
Statement of Cash Flows
For the Year Ended December 31,20Y9
Line Item Description
Amount
Amount
Cash flows from (used for) operating activities:
$
Adjustments to reconcile net income to net cash flows from (used for) operating activities:
Changes in current operating assets and liabilities:
Cash flows from (used for) investing activities:
Cash flows from (used for) financing activities:
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December December
31,20Y9,31,20Y8
Assets
Cash
Accounts receivable (net)
Inventories
Investments
Land
Equipment
Accumulated depreciation-equipment
Total assets
\table[[$226,890,$213,490

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