Statement of cosh flows-indirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follions: a. feulpment and land were acquireo ror casn. Additional data obtained from an examination of the accounts in the ledger for 200y are as follow1: 2. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $135,610 cash. d. The common stock was issued for cash. e. There was a $79,170 cred t to Retained Earnings for net income. f. There was a $46,560 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) operaking activeles. Uie the minuis sign to indicalf cauh cash payments, decreases in cash, or any negative adjustments. Line Item Description Cash flows from (used for) operating activities: Amount Amesn? Metinconse Adjustments to reconcle net income to net cash flows from (used for) operating activites! Decrecenathen Lessinesale of invertments - Changes in current operating assets and liablitiest. Increate in meovint receivabie * Increate in mexentore Increase in accounts payabie oucrease in accrued espenses payabie Wetcesh fowes from operpting activities \( 4 \longdiv { 4 + 2 4 0 } \) Gath fows from (used for) investing activities: Whatectevel inem sale of invetiments Emh. asud for peratiase of land whind for purchmer of eoupmentw Weteryh fone fromi nueting.ictivenes o 100,450 Cash fows from (ustd for) financing activities! weshiremend fromesteded sommon stock o Cuth blunce, Beceincer 31,20%9