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 20Y9 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 $107,620 cash. d. The common stock was issued for cash. e. There was a $63,950 credit to Retained Earnings for net income. f. There was a $36,950 debit to Retained Earnings for cash dividends declared