Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Assets December 31, 20Y9 December 31, 20Y8 $300,920 $278,960 Cash Accounts receivable (net) 109,010 100,190 307,730 296,630 Inventories 0 114,920 Investments Land Equipment Accumulated depreciation-equipment Total assets 157,840 0 339,530 262,260 (79,490) (70,720) $1,135,540 $982,240 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) $205,530 $193,500 20,440 25,540 Dividends payable Common stock, $10 par Paid-in capital in excess of par-common stock 11,360 8,840 61,320 48,130 230,510 133,580 COC 200 572 650 Retained earnings Total liabilities and stockholders' equity 606,380 572,650 $1,135,540 $982,240 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 $134,460 cash. d. The common stock was issued for cash. e. There was a $79,900 credit to Retained Earnings for net income. f. There was a $46,170 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. Us cash payments, decreases in cash, or any negative adjustments.. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9 Line Item Description Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Amount Amount 00 Changes in current operating assets and liabilities: Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: B Cash balance, January 1, 20Y9 Cash balance, December 31, 20Y9 0000 0.0