The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2018, is as follows: Cash Accounts receivable (net) Inventories Investments Land Assets Equipment Accumulated depreciation-equipment Total assets Dec. 31, 20Y9 Dec. 31, 20YS $236,020 $220,060 85,500 79,040 241,380 234,010 0 90,660 123,800 10 266,310 206,890 (62,350) (55,790) $890,660 $774,870 Liabilities and Stockholders' Equity Accounts payable $161,210 $152,650 Accrued expenses payable 16,030 20,150 Dividends payable 8,910 6,970 Common stock, $10 par 48,100 37,970 Paid-in capital: Excess of issue price over par-common stock 180,800 105,380 Retained earnings 475,610 451,750 Total liabilities and stockholders' equity $890,660 $774,870 Additional data obtained from an examination of the accounts in the ledger for 2019 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 $81,590 cash. d. The common stock was issued for cash. e. There was a $60,280 credit to Retained Earnings for net income. f. There was a $36,420 debit to Retained Earnings for cash dividends declared. Required: Changes in current operating assets and liabilities: Prepare a statement of cash flows, using the indirect method of presenting cash flows from 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, 2019 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Net cash flow from operating activities 0000 00 0 0 Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: 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 at the beginning of the year Cash at the end of the year 0000 000 00 0000