Statement of Cash Flows Shown below is selected information from the financial records of Merris Corporation as of December 31, 2019: $165,000 Cash purchase of equipment $29,000 Inventory Cash collected from customers 350,000 Buildings, net 810,000 355,000 Sales revenue 910,000 Equipment, net 480,000 Cash paid far aperating activities Retained earnings 225,000 Cash dividends paid 38,000 Principal payments on notes payable 41,000 Salary expense 215,000 Common stock 529,000 Required Determine which of the above items will appear on the statement of cash flows and then prepare the statement for Merris Corporation for the year ended December 31, 2019. Use negative signs with your answers to show a cash outflow or decrease in cash. MERRIS CORPORATION Statement of Cash Flows For Year Ended December 31, 2019 Operating activities Cash collected from custon 350,000 Cash paid for operating ex (205,000) Cash flow from operating activities 145,000 Investing activities Cash purchase of equipme (29,000) Cash flow for investing activities (29,000) Financing activities Principal payments on note (41,000) Cash dividends paid (38,000) Cash flow for financing activities (79,000) 37,000x Increase in cash