The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 20Y8, is as follows: Dec. 31, Dec. 31, 2019 2018 $226,610 $209,350 82,090 75,190 231,750 222,600 Assets Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation-equipment Total assets 0 86,250 118,870 0 196,820 255,690 (59,860) (53,070) $855,150 $737,140 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $154,780 $145,220 Accrued expenses payable (operating expenses) 15,390 19,170 Dividends payable 8,550 6,630 Common stock, $10 par 46,180 36,120 Paid-in capital in excess of par-common stock 173,600 100,250 Retained earnings 456,650 429,750 Total liabilities and stockholders' equity $855,150 $737,140 Additional data obtained from an examination of the accounts in the ledger for 20y9 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 $100,910 cash. d. The common stock was issued for cash. e. There was a $61,550 credit to Retained Earnings for net income. f. There was a $34,650 debit to Retained Earnings for cash dividends declared. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 2049 Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: 000 00 Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities Cash balance, January 1, 2019 Cash balance, December 31, 2049