Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31,20Y9 and 20Y8, is as follows: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minu: indicate cash outflows, cash payments, decreases in cash, or any negatlve adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20 Y 9 Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20 Y9 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Loss on sale of investments > Changes in current operating assets and liabilities: Increase in accounts receivable V Increase in inventories, Increase in accounts payable V Decrease in accrued expenses payable Net cash flow from operating activities Cash flows from (used for) investing activities: Cash from sale of investments Cash used for purchase of land Cash used for purchase of equipment Net cash flow from financing activities Cash at the beginning of the year Cash at the end of the year