Statement of Cash Flows The comparative balance sheet of Merrick Equipment Co. for December 31, 2019...

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Statement of Cash Flows The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2018, is as follows: Assets Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation-equipment Total assets Dec. 31, 2019 Dec. 31, 2018 $233,710 $219,400 84,660 78,800 238,990 233,310 0 90,390 122,590 0 263,690 206,270 (61,730) (55,620) $881,910 $772,550 Liabilities and Stockholders' Equity Accounts payable $159,630 $152,190 Accrued expenses payable 15,870 20,090 Dividends payable 8,820 6,950 Common stock, $10 par 47,620 37,850 Excess of paid-in capital over par 179,030 105,070 Retained earnings 470,940 450,400 Total liabilities and stockholders' equity $881,910 $772,550 Additional data obtained from an examination of the accounts in the ledger for 2019 are as follows: Statement of Cash Flows The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2018, is as follows: Assets Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation-equipment Total assets Dec. 31, 2019 Dec. 31, 2018 $233,710 $219,400 84,660 78,800 238,990 233,310 0 90,390 122,590 0 263,690 206,270 (61,730) (55,620) $881,910 $772,550 Liabilities and Stockholders' Equity Accounts payable $159,630 $152,190 Accrued expenses payable 15,870 20,090 Dividends payable 8,820 6,950 Common stock, $10 par 47,620 37,850 Excess of paid-in capital over par 179,030 105,070 Retained earnings 470,940 450,400 Total liabilities and stockholders' equity $881,910 $772,550 Additional data obtained from an examination of the accounts in the ledger for 2019 are as follows: