Statement of Cash Flows-indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31,20Y9 and 20Y, is as follows: Prepare a statement of cash flows, using the indirect method of presenting cash flows from ooerating activities, Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Prepare a statement of cash flows, using the indirect method of presenting cash flams from cperating activities, Use the minus sign to indicate cash outhows, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20 Y9 Cash flows from operating activities: Net income v Adjustments to reconcile net income to net cash flow from operating activities: Deoreciation = Loss on sale of investments Changes in current operating assets and liabilities: Net cash flow from operating activities Cash fiows from (used for) investing activities: cash from sale of investments Cash used for purchase of tand Cash.used for purchate of equipment Net cash flow used for investing activities Net cash flow from operating activities Cash flows from (used for) investing activities: Cash from sale of investments v Cash used for purchase of land Cash used for purchase of equipment Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash from sale of common stock v Cash used for dividends Net cash flow from financing activities Increase in cash Cash at the beginning of the year Cash at the end of the year Feedback F Check My Work. The statement of cash flows reports three fypes of cash flow activibes, as foliows: Check My Work All work saved