Statement of cash flows$-$indirect methodThe comparative balance sheet of Merrick Equipment Co$.$ for December $31,209$ and $20$Y$8,$ is as follows:December$31,20$Y$9$December$31,208$AssetsCashAccounts receivable $($net$)$InventoriesInvestmentsLandEquipmentAccumulated depreciation$-$equipmentTotal assets$$232,11084,090237,3700121,750261,890(61,310)$$$875\mathrm{.}900$$$158,54015,7708,76047,300177,810467,720$$$875,900$$$217,66078,170231,46089,6700204,630(55,180)$$$766,410$$$150,98019,9306,90037,550104,230446,820$$$766,410$Liabilities and Stockholders' EquityAccounts payable $($merchandise creditors$)$Accrued expenses payable $($operating expenses$)$Dividends payableCommon stock, $$10$ parPaid$-$in capital in excess of par$--$common stockRetained earningsTotal liabilities and stockholders' equityAdditional data obtained from an examination of the accounts in the ledger for zovy are as follows:a$.$ Equipment and land were acquired for cash.To$.$ here were no disposas oreouomenscunnone vearc. The investments were sold for $$104\mathrm{.}910$ cashdame common stock was scuedror casnf. There was a $$36,020$ debit to Retained Earnings for cash dividends declaredRequired: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 adius menisMerrick Equipment Co$.$Statement of cash riowsFor the Year Ended Decei mber $31,20$Y$9$Line Item DescriptionCash flows from $($used for$)$ operating activities:Adjustments to reconcile net income to net cash flows from $($used for$)$ operating activities:AmountAmountChanges in current operating assets and liabilities:Cash flows from $($used for$)$ investing activities:cash flows from used for rinancing activities:Cash balance, January $1,20$Y$9$Cash balance, December $31,20$Y$9$