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) Assets Inventories Investments Land Equipment Accumulated depreciation-equipment < Total assets Liabilities and Stockholders' Equity Dec. 31, 20Y9 Dec. 31, 2018 $286,940 $266,000 103,950 95,540 293,440 282,860 0 109,580 150,510 0 323,760 250,080 (75,800) (67,440) $1,082,800 $936,620 Accounts payable (merchandise creditors) $195,990 $184,510 Accrued expenses payable (operating expenses) 19,490 24,350 Dividends payable 10,830 8,430 Common stock, $10 par 58,470 45,890 Paid-in capital in excess of par-common stock 219,810 127,380 Check My Work