Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, Dec. 31, 20Y9 20Y8 Assets Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation-equipment $236,500 $219,740 78,920 233,680 90,530 85,670 241,850 0 124,050 266,840 206,590 (62,470) (55,710) $892,440 $773,750 Total assets Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Dividends payable Common stock, $10 par Paid-in capital: Excess of issue price over par-common stock $161,530 $152,430 20,120 6,960 37,910 105,230 16,060 8,920 43,190 181,170