The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 20Y8 is as follows: Dec 31, 2019 Dec. 31 2048 Assets Cash $70,720 $471 940 Accounts receivable (net) 207,230 188190 Inventories 298,520 289,950 Investments 0 102,000 Land 295,800 0 Equipment 438,600 353.020 Accumulated depreciation equipment (99,1 102 184 320 Total assets $1,211760 $901 630 Liabilities and Stockholders' Equity Accounts payable merchandise creditors) $194, 140 Accrued expenses payable operating expenses Dividends payable 26360 $ 205 00 50.600 25,500 202.000 34.000 20,400 Common stock, si par Paid-in capital in excess of par-common stock 102.000 204,000 Retained earings 393.950 354 280 Total liabilities and stockholders equity 5121750 1901.680 Additional data obtained from an examination of the accounts in Weledare as follow CUOR SHOW Additional data obtained from an examination of the accounts in the ledger for 20y9 are as follows al Equipment and land were acquired for cash. b. There were no disposals of equipment during the year C. The investments were sold for $91,800 cash d. The common stock was issued for cash e. There was a $141,680 credit to retained Earnings for net income. 1. There was a $102.000 debit to retained Earnings for cash dividends declared: Required: Procare a statement of cash flows, using the indirect method of presenting the one from ournal. Use the minus sion 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 used for operating activities Net Income Auments to content income to the from operating site Depreciation Los moinvestments Cine incomodating sitella The counts teclable Decidividend ist w robinet hitro Cash received from sale of investments Cash paid for purchase of land Cash paid for purchase of equipment Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash received from sale of common stock Cash paid for dividends Net cash flow from financing activities Net increase in cash Cash balance, January 1, 2019 Cash balance. December 31, 2019