The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Cash Accounts receivable (net) Inventories Investments Assets Land Equipment Accumulated depreciation-equipment Total assets Dec. 31, 20Y9 Dec. 31, 20Y8 $227,120 $212,000 82,280 76,140 232,250 225,440 87,340 119,130 0 256,250 199,310 (59,990) (53,750) $857,040 $746,480 Liabilities and Stockholders' Equity Accounts payable $155,120 $147,060 Accrued expenses payable 15,430 19,410 Dividends payable 8,570 6,720 Common stock, $10 par 46,280 36,580 Excess of paid-in capital over par 123,989 101,520 Retained earnings 457,660 435,190 Total liabilitas and stockholders' equity 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. e. The investments were sold for $78,610 cash. d. The common stock was issued for cash, e. There was a $57,550 credit to Retained Earnings for net income. f. There was a $35,080 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. Merrick Equipment Co.