Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2014 and 2013, is as follow Dec. 31, 2014 Dec. 31, 2013 Assets $70,720 207,230 298,520 0 295,800 438,600 (99,110) $1,211,760 47,940 188,190 289,850 102,000 0 358,020 (84,320) $901,680 Cash and Liabilities and Stockholders' Equity $ 205,700 30,600 25,500 202,000 354,000 393,960 $1,211,760 $194,140 26,860 20,400 102,000 204,000 354,280 $901,680 Paid-in capital: Excess of issue price over par-com s of issue price over par-common stock Additional data obtained from an examination of the accounts in the ledger for 2014 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 $91,800 cash d. The common stock was issued for cash e. There was a $141,680 credit to Retained Earnings for net income f. There was a $102,000 debit to Retained Earnings for cash dividends declared Required