The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 20Y8, is as follows: Dec. 31, 2019 Dec. 31, 2018 Assets Cash $243,840 $226,050 Accounts receivable (net) 88,340 81,190 Inventories 249,360 240,370 Investments 0 93,120 Land 127,900 0 Equipment 275,130 212,520 Accumulated depreciation equipment (64,410) (57,310) Total assets $920,160 $795,940 Liabilities and Stockholders' Equity $166,550 $156,800 Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable 16,560 20,690 9,200 7,160 Common stock, $10 par 49,690 39,000 Paid-in capital in excess of par-common stock 186,790 108,250 Retained earnings 491,370 464,040 Total liabilities and stockholders' equity $920,160 $795,940 the ledger for 2019 are as Additional data obtained from an examination of the accounts follows: - Equipment and land were acquired for cash b. There were no disposals of equipment during the year. c. The investments were sold for $108,950 cash d. The common stock was issued for cash. e. There was a $64,740 credit to Retained Earnings for net income f. There was a $37,410 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, 2049 Cash flows from (used for) 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: ll ll Qul DO o Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities Cash balance, January 1, 2019 Cash balance, December 31, 2049