Statement of Cash Flows The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Assignment Score: 51.11% All work Additional data obtained from an examination of the accounts in the ledger for 20Y9 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 $105,270 cash. d. The common stock was issued for cash. e. There was a $74,270 credit to Retained Earnings for net income. f. There was a $46,990 debit to Retained Earnings for cash dividends declared. 0 v2.cengagenow.com [1 + Student Portal > Home Chapter 16 CNow assignment .- CengageNOWv2 | Online teachi... Quoter || OMS || Fresh Prints Proofs || OMS || Fresh Prints Show Me How Chapter 16 eBook Cash flows from (used for) operating activities: Net income Adjustments to reconcile net income to net cash flows from (used for) operating activities: Depreciation Loss on sale of investments Changes in current operating assets and liabilities: Decrease in accounts receivable Decrease in inventories Decrease in accounts payable Increase in accrued expenses payable Net cash flows from operating activities Cash flows from (used for) investing activities: Cash received from sale of investments Cash paid for purchase of land Cash paid for accrued expenses Net cash flows used for investing activities Cash flows from (used for) financing activities: Cash received from sale of investments Cash paid for purchase of land Net cash flows from financing activities Net decrease in cash Cash balance, January 1, 20Y9 Cash balance, December 31, 20Y9 Check My Work 3 more Check My Work uses remaining. Previous Start Page $