Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31,20Y9 and 20Yg, is as follows: Additional data obtained from an examination of the accounts in the ledger for 209 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 $140,110 cash. d. The common stock was issued for cash. e. There was a $83,260 credit to Retained Earnings for net income. f. There was a $48,110 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cosh outfiows, cash peyments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20 y9 Required: Prepare a statement of cash fiows, using the indirect method of presenting cash flows from operating activitios. Use the minus sign to indicate cash outflows, 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 (used for) operating activities: Adjustments to reconeile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash flow used for investing activities Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities Cash balance, January 1,20 , 20 Cash balance, December 31, 20 Y9