The comparative balance sheet of Merrick Equipment Co for December 3 1 , 2 0 Y 9 and 2 0 Y 8 , is as follows Line Item Description December 3 1 , 2 0 Y 9 December 3 1 , 2 0 Y 8 Assets Cash $ 3 1 1 , 7 0 0 $ 2 9 2 , 2 9 0 Accounts receivable ( net ) 1 1 2 , 9 2 0 1 0 4 , 9 8 0 Inventories 3 1 8 , 7 6 0 3 1 0 , 8 1 0 Investments 0 1 2 0 , 4 2 0 Land 1 6 3 , 4 9 0 0 Equipment 3 5 1 , 6 9 0 2 7 4 , 7 9 0 Accumulated depreciation equipment ( 8 2 , 3 4 0 ) ( 7 4 , 1 0 0 ) Total assets $ 1 , 1 7 6 , 2 2 0 $ 1 , 0 2 9 , 1 9 0 Liabilities and Stockholders' Equity Accounts payable ( merchandise creditors ) $ 2 1 2 , 9 0 0 $ 2 0 2 , 7 5 0 Accrued expenses payable ( operating expenses ) 2 1 , 1 7 0 2 6 , 7 6 0 Dividends payable 1 1 , 7 6 0 9 , 2 6 0 Common stock, $ 1 0 par 6 3 , 5 2 0 5 0 , 4 3 0 Paid in capital in excess of par common stock 2 3 8 , 7 7 0 1 3 9 , 9 7 0 Retained earnings 6 2 8 , 1 0 0 6 0 0 , 0 2 0 Total liabilities and stockholders' equity $ 1 , 1 7 6 , 2 2 0 $ 1 , 0 2 9 , 1 9 0 Additional data obtained from an examination of the accounts in the ledger for 2 0 Y 9 are as follows Equipment and land were acquired for cash There were no disposals of equipment during the year The investments were sold for $ 1 4 0 , 8 9 0 cash The common stock was issued for cash There was a $ 7 6 , 4 5 0 credit to Retained Earnings for net income There was a $ 4 8 , 3 7 0 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 minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments Merrick Equipment Co Statement of Cash Flows For the Year Ended December 3 1 , 2 0 Y 9 Line Item Description Amount Amount Cash flows from ( used for ) operating activities blank $ Select Adjustments to reconcile net income to net cash flows from ( used for ) operating activities blank Select Select Changes in current operating assets and liabilities blank Select Select Select Select blank $ Select Cash flows from ( used for ) investing activities blank $ Select Select Select blank Select Cash flows from ( used for ) financing activities blank $ Select Select blank Select blank $ Select Cash balance, January 1 , 2 0 Y 9 blank Cash balance, January 1 , 2 0 Y 9 Cash balance, December 3 1 , 2 0 Y 9 blank $Cash balance, December 3 1 , 2 0 Y 9

Question

The comparative balance sheet of Merrick Equipment Co   for December 3 1 , 2 0 Y 9 and 2 0 Y 8 , is as follows  Line Item Description December 3 1 , 2 0 Y 9 December 3 1 , 2 0 Y 8 Assets Cash $ 3 1 1 , 7 0 0 $ 2 9 2 , 2 9 0 Accounts receivable ( net ) 1 1 2 , 9 2 0 1 0 4 , 9 8 0 Inventories 3 1 8 , 7 6 0 3 1 0 , 8 1 0 Investments 0 1 2 0 , 4 2 0 Land 1 6 3 , 4 9 0 0 Equipment 3 5 1 , 6 9 0 2 7 4 , 7 9 0 Accumulated depreciation equipment ( 8 2 , 3 4 0 ) ( 7 4 , 1 0 0 ) Total assets $ 1 , 1 7 6 , 2 2 0 $ 1 , 0 2 9 , 1 9 0 Liabilities and Stockholders' Equity Accounts payable ( merchandise creditors ) $ 2 1 2 , 9 0 0 $ 2 0 2 , 7 5 0 Accrued expenses payable ( operating expenses ) 2 1 , 1 7 0 2 6 , 7 6 0 Dividends payable 1 1 , 7 6 0 9 , 2 6 0 Common stock, $ 1 0 par 6 3 , 5 2 0 5 0 , 4 3 0 Paid   in capital in excess of par common stock 2 3 8 , 7 7 0 1 3 9 , 9 7 0 Retained earnings 6 2 8 , 1 0 0 6 0 0 , 0 2 0 Total liabilities and stockholders' equity $ 1 , 1 7 6 , 2 2 0 $ 1 , 0 2 9 , 1 9 0 Additional data obtained from an examination of the accounts in the ledger for 2 0 Y 9 are as follows  Equipment and land were acquired for cash  There were no disposals of equipment during the year  The investments were sold for $ 1 4 0 , 8 9 0 cash  The common stock was issued for cash  There was a $ 7 6 , 4 5 0 credit to Retained Earnings for net income  There was a $ 4 8 , 3 7 0 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 minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments  Merrick Equipment Co   Statement of Cash Flows For the Year Ended December 3 1 , 2 0 Y 9 Line Item Description Amount Amount Cash flows from ( used for ) operating activities  blank $   Select   Adjustments to reconcile net income to net cash flows from ( used for ) operating activities  blank   Select     Select   Changes in current operating assets and liabilities  blank   Select     Select     Select     Select   blank $   Select   Cash flows from ( used for ) investing activities  blank $   Select     Select     Select   blank   Select   Cash flows from ( used for ) financing activities  blank $   Select     Select   blank   Select   blank $   Select   Cash balance, January 1 , 2 0 Y 9 blank Cash balance, January 1 , 2 0 Y 9 Cash balance, December 3 1 , 2 0 Y 9 blank $Cash balance, December 3 1 , 2 0 Y 9

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The comparative balance sheet of Merrick Equipment Co . for December 3 1 , 2 0 Y 9 and 2 0 Y 8 , is

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