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 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Dividends payable Common stock, $10 par Check My Work Dec. 31, 2019 Dec. 31, 20Y8 $302,460 $284,600 109,570 102,220 309,310 302,630 o I 117,250 158,650 0 341,270 267,560 (79,900) (72,150) $1,141,360 $1,002,110 $206,590 $197,420 20,540 26,050 11,410 9,020 61,630 49,100