Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Assets December 31, 20Y9 December 31, 2018 Cash Accounts receivable (net) $269,320 $251,400 97,570 90,290 Inventories Investments 275,420 267,340 0 103,570 Land Equipment Accumulated depreciation-equipment Total assets 141,270 0 303,880 236,350 (71,140) (63,740) $1,016,320 $885,210 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $183,950 $174,390 Accrued expenses payable (operating expenses) 18,290 23,020 Dividends payable 10,160 7,970 Common stock, $10 par 54,880 43,380 Paid-in capital in excess of par-common stock 206,310 120,390 Retained earnings 542,730 516,060 Total liabilities and stockholders' equity $1,016,320 $885,210 Additional data obtained from an examination of the accounts in the ledger for 2019 are as follows: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $121,180 cash. d. The common stock was issued for cash. e. There was a 568,270 credit to Retained Earnings for net income. f. There was a $41,600 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 2019 Amount Amount Line Item Description Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Q Changes in current operating assets and liabilities: Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash balance, January 1, 20Y9 Cash balance, December 31, 20Y9