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 20v9 are as follows: a. Equiprnent and land were acquired for cash. b. There were no disposals of equipmient during the year. c. The investments were sold for $104,570 cash. d. The common stock was issued for cash. e. There was a $73,770 credit to Retained Earnings for net income. f. There was a $46,680 debit to Retained Earnings for cash dividends declared. Recuuired: 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. eBook Show Me How Loss on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Increase in accounts payable Decrease in accrued expenses payable Net cash flow from operating activities Cash flows from (used for) investing activities: Cash received from gain on sale of investments. Cash used for purchase of land Cash used for purchase of equipment Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash from sale of common stock Cash used for dividends Net cash flow from financing activities Increase in cash Cash at the beginning of the year Cash at the end of the year Ched My Work