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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

The comparative balance sheet of Merrick Equipment Co. for December 31,20 Y9 and 20Y8, is as follows:
Additional data obtained from an examination of the accounts in the ledger for 20rg 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 $130,350 cash.
d. The common stock was issued for cash.
e. There was a $76,760 credit to Retained Earnings for net income.
f. There was a $44,750 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 31,20 Y9
Line Item Description
Amount
Amount
Cash flows from (used for) operating activities:
Adjustments to reconcile net income to net cash flows from (used for) operating activities:
Changes in current operating assets and liabilities:
Cash flows from (used for) investing activities:
Cash flows from (used for) financing activities:
Cash balance, January 1,20Yg
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 31,20 Y9
Line Item Description
Amount
Amount
Cash flows from (used for) operating activities:
Adjustments to reconcile net income to net cash flows from (used for) operating activities:
Changes in current operating assets and liabilities:
Cash flows from (used for) investing activities:
Cash flows from (used for) financing activities:
Cash balance, January 1,20Yg
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