Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20r9 and 20Y8, is as follows: Additional data obtained from an examination of the accounts in the ledger for 20Yg 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 $131,530 cash. d. The common stock was issued for cash. e. There was a $72,720 credit to Retained Earnings for net income. f. There was a $45,160 debit to Retained Earnings for cash dividends declared