Stwbenent of carth fiows-indirect inethod The comporative balance theot of Merrick Equipment Co: for December 31, 20 r9 and 20r8, it as follows: Assets Cosh Accounts receivable (net) Invertones Investrients Land $290,340$271,330 Equipment Accumulated depreciation-equipment- Total issets Liabilities and stockholders' Equity Accounts payable (merchandise cteditors) 105,10097,450 296,910288,520 Accrued eipenses povable (operating erpenses) Orvidends paratie Common stock, 510 par Paud-in coptal in excess of phr-common stock Retained ramings Total inbilites and stockholders' equity $190,310$188,210 19,72024,840 10,9608,600 59,16046,810 m,410129,930 Additanat dota obtaned froman exnmination of the accounts in the ledger for 20rg are on follow: *. Equipmeot ond land were acqualed for cath. b. There were no d. woosals of equipment danng the vear. c. The imvolments were sold for 5130,700 cash. di The comman stock was issued for cash. 4. There was a 572,970 credit to Retaned Earnorge for net income 4. There was a $44,900 oetit to Ratained Eamings for ash dvidends dedared. Required: deceases in cash, or amy, nepative adjustmenks. Merrick Equipment Co. statement of Cash Flows Fer the Year Ended December 31, 20v9 Wine Iterm Description Amount Amount Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operoting assets and liabilities: Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash balance, January 1, 20 Y 9 Cash balance, December 31, 20Y9