Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Yg and 20Y8, is as follows: December December a. Equipment and land were acquired for cash, Additional data obtained from an examination of the accounts in the ledger for 20y 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 5141,680 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 activitie Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20 Y9 Decrease in accrued expenses payable Net cash flows from operating activities Cash flows from (used for) investing activities: Cash received from sale of investments Cash paid for purchase of land Cash paid for purchase of equipment Net cash flows used for investing activities Cash flows from (used for) financing activities: Cash received from sale of common stock Cash paid for dividends Net cash flows from financinc activities Met increase in cash Cash balance, January 1, 20O9 Cash balance, December 31, 20Y9