Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: December 31, 20Y9 December 31, 2018 Cash Accounts receivable (net) Inventories Investments Assets Land Equipment Accumulated depreciation-equipment. Total assets $70,720 207,230 298,520 0 295,800 438,600 (99,110) $1,211,760 Line Item Description Cash flows from (used for) operating activities: e. There was a $141,680 credit to Retained Earnings for net income. f. There was a $102,000 debit to Retained Earnings for cash dividends declared. Required: $47,940 188,190 289,850 102,000 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $205,700 Accrued expenses payable (operating expenses) 30,600 Dividends payable 25,500 Common stock, $1 par 202,000 Paid-in capital in excess of par-common stock 354,000 Retained earnings 393,960 Total liabilities and stockholders' equity $1,211,760 Additional data obtained from an examination of the accounts in the ledger for 20Y9 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 $91,800 cash. d. The common stock was issued for cash. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9 0 358,020 (84,320) $901,680 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. $194,140

26,860 20,400 102,000 204,000 354,280 $901,680 Amount Amount Save and E

Changes in current operating assets and liabilities: Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Statement of cash flows -indirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Additional data obtained from an examination of the accounts in the ledger for 20y9 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 $91,800 cash. d. The common stock was issued for cash. e. There was a $141,680 credit to Retained Earnings for net income. f. There was a $102,000 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. Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: $ Cash balance, January 1,20Yg Cash balance, December 31, 20 Y9 5 =