Statement of Cash The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows Dec. 31,Dec 31, $281,560 $261,010 02,00093,740 Accounts receivable (net) 287,930277.550 107,530 147,680 Land 17,680 245,390 (74,370) (66,170) 1,062,480 $919,0s0 Total assets Liabilities and Stockholders Equity $192,310$181,050 Accounts payable 9,120 23,900 Accrued expenses payable 270 10,620 Dividends payable 7,30 45,030 Common stock, $10 par 215,680 124,990 Paid-in capital: Excess of issue price over par-common stock 67,380535,810 Retained earnings Retained earnings 36, Total labilties and stockholders' equity 1,062,40 $919,050 Additional data obtained from an examination of the accounts in the ledger for 2ov9 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 $96,780 cash d. The common stock was issued for cash e. There was a $74,770 credt to Retained Earnings for net income t. There was a $43,200 debit to Retained Earnings for cash dividends declared Prepare a statement of cash Nows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash outhiows, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co Cash fows fhom operating activities: Ajustments to recondlie net income to net cash fow from operating aivibes Changes in current operating assets and labilies Net cash flow from operating activites Cash flows from (used for) investing activities Cash lows from operating advees Adjustments to reconole net income to net cash Now thom Changes in current operaing assets and iablities Net cash flow from operating activities Cash ows from (usnd for) mesting activities Net cash flow used for investing activtier Cash fows fom (used for) financing activities Net cash flow from financing activities Cash at the beginning of the year Cash at the end of the yer Previous