Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 208, is as follows: Dec. 31. Dec. 31. 2019 20 Assets Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation equipment Total assets 272,305.000 102.990 13.670 23.020 7.340170 $1.004.200.220 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) 1982,170 1172,400 Accrued expenses payable (operating expenses) 11.090 22.10 Dividends payable 10.050 7.30 Common stock, $10 par Paid-in capital in excess of par-common stock 20120710 Retained earnings 5.03.10 Total liabilities and stockholders' equity Additional data obtained from an examination of the accounts in the ledger for 2049 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 $120,500 cash. d. The common stock was issued for cash. e. There was a $64,770 credit to Retained Earnings for net income. f. There was a $41,370 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Merricktimento Statement of Cash Flow For the Year Ended December 31, 209 Adjust recent content how from convite Changes in creating utch wrong