Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 20Y8, is as follows: Cash Accounts receivable (net) Inventories Investments Land Equipment Assets Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Dec. 31, 20Y9 Dec. 31, 20Y8 $262,150 $246,950 94,970 88,690 268,080 262,600 0 101,740 137,500 0 295,780 232,160 (69,250) (62,610) $989,230 $869,530 Accounts payable (merchandise creditors) $179,050 $171,300 Accrued expenses payable (operating expenses) 17,810 22,610 Dividends payable 9,890 7,830 Common stock, $10 par 53,420 42,610 Paid-in capital in excess of par-common stock 200,810 118,260