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Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2049 and 2018, is as follows: Dec. 31, Dec.

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Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2049 and 2018, is as follows: Dec. 31, Dec. 31, 2019 2018 $70,720 207,230 298,520 Assets Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation equipment Total assets $47,940 188,190 289,850 102,000 295,800 438,600 (99,110) $1,211,760 358,020 (84,320) $901,680 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, 51 par Paid-in capital. Excess of issue price over par-common stock Retained earnings Total liabilities and stockholders equity $205.700 30.600 25,500 202.000 354.000 393.950 $1,211.760 5194,140 26,860 20,400 102,000 204,000 354 280 $901.680 a Additional data obtained from an amination of the accounts in the leder for 2073 are as follows: pprent and land were acquired for cash b. There were no dispo s ent during the year The m ents were well for $91.000 cash d. The conan stock for cash There was a $141. credit to Re d Earnings for net income E. There was a $102,000 dobit to Huned Brings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting Carch fees from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Merkna Stew Cash Flows For the Year End December 11, 2013 Cash flows from operating activities Adjusts to recorded income to ne how from wings Changes in current operating and w e Net cash flow from operating activities Cash flows from investing activities: Net cash flow used for investing activities Cash flows from financing activities: Net cash low from francing activites Chat end of the ye

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