Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2048, is as follows: Dec. 31, 2019 Dec. 31, 2018 Assets Cash Accounts receivable (net) $272,560 98,740 278,730 $253,250 90,960 269,300 104,330 Inventories Investments Land 142,960 Equipment Accumulated depreciation equipment 307,530 (72,000) 238,090 (64,200) Total assets $1,028,520 $891,730 $186,160 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Dividends payable Common stock, $10 par 18,510 10,290 $175,670 23,180 8,030 43,690 121,280 519,880 55,540 Paid-in capital: Excess of issue price over par-common stock 208,790 549,230 Retained earnings Total liabilities and stockholders' equity $1,028,520 $891,730 Additional data obtained from an examination of the accounts in the ledger for 2019 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 $93,900 cash. d. The common stock was issued for cash. e. There was a $71,260 credit to Retained Earnings for net income. f. There was a $41,910 debit to Retained Earnings for cash dividends declared. Required: 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, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: 0 00 0101 Jul 10 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 at the beginning of the year Cash at the end of the year