Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20r9 and 20YB, is as follows: a. Rquipment and tand were acquired for cash a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $105,740 cash. d. The common stock was issued for cash. e. There was a $60,630 credit to Retained Earnings for net income. f. There was a $36,310 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 activities. Use the mi cash payments, decreases in cash, or any negative adjustments. W check My Work Compate the increases and decreases in the cument assetliabsity accounts over the period. How do these increases or decreasos impact the amount of cash there any purchases or sales of noncurrent assels during the year? If there wore any sales of noncurrent assets, were these noncument assels sold at what th 1 more Check My Wock uses remaining