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TE PRO Statement of cash flows indirect method OW 2 The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2018, is
TE PRO Statement of cash flows indirect method OW 2 The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2018, is as follow Excel Show MS Horer Dec 21, 2018 Dec. 11. 2012 0790 5 7020 207230 295.00 102.000 0 154030 Accounts receivable Inventor Investments tand Equipment Accumulated depreciation mes Total assets we and Stockholders Accounts payable merchandito Accrued expenses payable Dividend payable Common Spor Pading Espiron 5901580 205.00 $154140 2016 20.000 202.000 3560 04.000 Totalfabetes and stochodes equity $1211750 S680 Additional data obtained from an examination od the accounts in the ledger for 2019 are as follows: 1. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $91,800 cash. d. The common stock was issued for cash c. There was a $141680 credit to Retained Earnings for net income f. There was a $102.000 debit to Retained Earings for cash dividends declared. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities
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