Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment Co. for December 31,20Y9 and 20Y8, is as follows: Additional data obtained from an examination of the accounts in the ledger for 20rg are as follows: 3. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $130,970 cash. d. The common stock was issued for cash. e. There was a $81,250 credit to Retained Earnings for net income. f. There was a $44,970 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflow cash payments, decreases in cash, or any negative adjustments. Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflo cash payments, decreases in cash, or any negative adjustments. Changes in current operating assets and liabilities: Cash flows from (used for) investing activities: Cash flows from (used for) financing activities; Cash balance, January 1, 20 Y 9 Cash balance, December 31,20Y9