Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 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 $236,740 $219,460 85,760 78,820 242,110 233,380 0 90,410 124,180 0 267,110 206,330 (62,540) (55,640) $893,360 $772,760 Accounts payable (merchandise creditors) $161,700 $152,230 Accrued expenses payable (operating expenses) 16,080 20,090 Dividends payable 8,930 6,950 Common stock, $10 par 48,240 37,870 Paid-in capital in excess of par-common stock 181,350 105,100 Check My Work Previo