Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2078, is as follows: Dec. 3. Dec. 31. 2009 2008 Assets Cash 2010 Accounts receivable (net) 2.70 Inventories Investments Land Equipment 0,235.020 Accumulated depreciation-equipment Total assets 52.00 50.220 0 53.50 2.170 5.0.220 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) LE373.400 Accrued expenses payable (operating expenses) Dividends payable 7,320 Common stock, $10 par 5,130 Paid-in capital in excess of par-common stock 20.10.10 Retained earnings 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. Merrick Equipment Statement of Cash Flow For the Year Ended December 2009 trench BARRA Car in current In incele DECISI Banane Viet gain Tung Trung Hig 4 tivities Land 19670 300.440 235.020 Equipment Accumulated depreciation--equipment Total assets 340.000 51.004.120 00.220 22,00 10.00 540 1130 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) 5.70 3173,400 Accrued expenses payable (operating expenses) Dividends payable 7,920 Common stock, $10 par Paid-in capital in excess of par-common stock 203,900 129,710 Retained earnings 58.50 512.170 Total liabilities and stockholders' equity 53.004.220.220 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. 6. 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 Merrick womento Statement of Cashow For the Year Ended December 31, 2013 Cashews from operating Tatime Auments to recentment cashowroting DS Los en sales Changes in continue Initiale Resinin Insta in contable Necrosis et cash flow from coating activiti Cashows from west a Cash paid for changement Netch flow and furning activ Cashflows from the Cashed commande Cashforside Restashow from finanong Sating in cash Chery 1, 2013 Cash on December 21, 2018 Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2078, is as follows: Dec. 3. Dec. 31. 2009 2008 Assets Cash 2010 Accounts receivable (net) 2.70 Inventories Investments Land Equipment 0,235.020 Accumulated depreciation-equipment Total assets 52.00 50.220 0 53.50 2.170 5.0.220 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) LE373.400 Accrued expenses payable (operating expenses) Dividends payable 7,320 Common stock, $10 par 5,130 Paid-in capital in excess of par-common stock 20.10.10 Retained earnings 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. Merrick Equipment Statement of Cash Flow For the Year Ended December 2009 trench BARRA Car in current In incele DECISI Banane Viet gain Tung Trung Hig 4 tivities Land 19670 300.440 235.020 Equipment Accumulated depreciation--equipment Total assets 340.000 51.004.120 00.220 22,00 10.00 540 1130 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) 5.70 3173,400 Accrued expenses payable (operating expenses) Dividends payable 7,920 Common stock, $10 par Paid-in capital in excess of par-common stock 203,900 129,710 Retained earnings 58.50 512.170 Total liabilities and stockholders' equity 53.004.220.220 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. 6. 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 Merrick womento Statement of Cashow For the Year Ended December 31, 2013 Cashews from operating Tatime Auments to recentment cashowroting DS Los en sales Changes in continue Initiale Resinin Insta in contable Necrosis et cash flow from coating activiti Cashows from west a Cash paid for changement Netch flow and furning activ Cashflows from the Cashed commande Cashforside Restashow from finanong Sating in cash Chery 1, 2013 Cash on December 21, 2018