Statement of cash flows-indirect method - The comparative balance sheet of Merrick Equipment Co, for December 31,20Y9 and 20Y8, is as follows: December December 31,20Y931,20Y8 Assets Cash $306,690$287,920 Accounts receivable (net) 111,100103,410 Inventories 313,620306,170 Investments Land 0 118,610 Equipment 160,870 0 Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) 346,040270,680 Accrued expenses payable (operating expenses) (81,010) (72,990) $1,157,310$1,013,800 Dividends payable $209,470$199,720 Common stock, 510 par 20,830 26,360 11,570 9,120 Paid-in capital in excess of par-common stock 62,490 49,680 234,930 137,080 Changes in current operating ossets and liablities: Cash flows from (used for) investing activities: Cash flows from (used for) finencing activities: Cash balance, January 1, 20Y9 Cash balance, December 31, 20 Y9