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 $132,420 cash. d. The common stock was issued for cash. e. There was a $73,890 credit to Retained Earnings for net income. f. There was a $45,470 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, payments, decreases in cash, or any negative adjustments. Cash flows from (used for) operating activities: A Cash paid for dividends Cash paid for land Cash received from sale of common stock Cash received from sale of investments Loss on sale of investments Net income For the Year Ended December 31, 20 Y9 Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities Cash balance, January 1, 20 Y9 Cash balance, December 31,20Y9