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The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Assets Cash

The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows:

Dec. 31, 20Y9 Dec. 31, 20Y8
Assets
Cash $259,290 $239,810
Accounts receivable (net) 93,930 86,130
Inventories 265,160 255,010
Investments 0 98,790
Land 136,000 0
Equipment 292,550 225,450
Accumulated depreciationequipment (68,490) (60,800)
Total assets $978,440 $844,390
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors) $177,100 $166,340
Accrued expenses payable (operating expenses) 17,610 21,950
Dividends payable 9,780 7,600
Common stock, $10 par 52,840 41,380
Paid-in capital in excess of parcommon stock 198,620 114,840
Retained earnings 522,490 492,280
Total liabilities and stockholders equity $978,440 $844,390

Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows:

  1. Equipment and land were acquired for cash.
  2. There were no disposals of equipment during the year.
  3. The investments were sold for $115,580 cash.
  4. The common stock was issued for cash.
  5. There was a $69,900 credit to Retained Earnings for net income.
  6. There was a $39,690 debit to Retained Earnings for cash dividends declared.

Required:

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, 20Y9
Cash flows from (used for) operating activities:
$fill in the blank 2
Adjustments to reconcile net income to net cash flow from operating activities:
fill in the blank 4
fill in the blank 6
Changes in current operating assets and liabilities:
fill in the blank 8
fill in the blank 10
fill in the blank 12
fill in the blank 14
Net cash flow from operating activities $fill in the blank 15
Cash flows from (used for) investing activities:
$fill in the blank 17
fill in the blank 19
fill in the blank 21
Net cash flow used for investing activities fill in the blank 22
Cash flows from (used for) financing activities:
$fill in the blank 24
fill in the blank 26
Net cash flow from financing activities fill in the blank 27
$fill in the blank 29
Cash balance, January 1, 20Y9 fill in the blank 30
Cash balance, December 31, 20Y9 $fill in the blank 31

this is just a screenshot to see the boxes i have to fill in better.

image text in transcribed

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 (used for) operating activities: Adjustments to reconcile net income to net cash flow from operating activities: II 0 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 balance, January 1, 2049 Cash balance, December 31, 2019

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