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 $129,120 cash. d. The common stock was issued for cash. e. There was a $74,700 credit to Retained Earnings for net income. f. There was a $44,330 debit to Retained Earnings for cash dividends declared. Required: The section of the statement of cash flows that reports the cash transactions affecting the determination of net income. negative adjustments. Net cash flows from financing activities Jash balance, January 1, 20 Y9 Sash balance, December 31, 20 Y9 Statement of Cash Flows For the Year Ended December 31, 20 Y9