The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as followc? d. The common stock was issued for cash. e. There was a $69,050 credit to Retained Earnings for net income, f. There was a $40,600 debit to Retained Eamings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activitien. Use the minus sign to indicate cash outhicws. cash payments, decreases in cash, or any negative adjustments. Line Item Description Cash flows from (used for) operating activities: Amount Amount Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and llabilities: Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash balance, January 1, 20Y9 Cash balance, December 31,20rg