Statement of Cash Flows The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Cash Accounts receivable (net) Inventories Investments Land Equipment Assets Accumulated depreciation-equipment Total assets Dec. 31, 20Y9 Dec. 31, 20Y8 $227,950 $212,780 82,580 76,420 233,100 226,270 0 87,660 119,570 0 257,200 200,040 (60,210) (53,940) $860,190 $749,230 Liabilities and Stockholders' Equity Accounts payable $155,690 $147,600 Accrued expenses payable 15,480 19,480 Dividends payable 8,600 6,740 Common stock, $10 par 46,450 36,710 Excess of paid-in capital over par 174,620 101,900 Retained earnings 459,350 436,800 Retained earnings Total liabilities and stockholders' equity 459,350 436,800 $860,190 $749,230 Additional data obtained from an examination of the accounts in the ledger for 2019 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 $78,890 cash. d. The common stock was issued for cash. e. There was a $57,760 credit to Retained Earnings for net income. f. There was a $35,210 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 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: 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 00000 0000 Net cash flows from financing activities Cash balance, January 1, 20Y9 Cash balance, December 31, 20Y9 10000