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 Assets Land Equipment Accumulated depreciation-equipment Total assets Dec. 31, 2019 Dec. 31, 2018 $264,480 $247,720 95,810 88,970 270,460 263,420 0 102,060 138,720 0 298,410 232,900 (69,860) (62,800) $998,020 $872,270 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $180,640 $171,840 Accrued expenses payable (operating expenses) 17,960 22,680 Dividends payable 9,980 7,850 Common stock, $10 par 53,890 42,740 Check My Work 2 more Check My Work uses remaining. Ne