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 $281,260 $264,050 Accounts receivable (net) 101,890 94,840 Inventories 287,640 280,780 Investments 0 108,780 Land 147,530 0 Equipment 317,350 248,250 Accumulated depreciation equipment (74,300) (66,940) Total assets $1,061,370 $929,760 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $192,110 $183,160 Accrued expenses payable (operating expenses) 19,100 24,170 Dividends payable 10,610 8,370 Common stock, $10 par 57,310 45,560 Paid-in capital in excess of par-common stock 215,460 126,450 Retained earnings 566,780 542,050 Total liabilities and stockholders' equity $1,061,370 $929,760 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. b. There were no disposals of equipment during the year. c. The investments were sold for $127,270 cash. d. The common stock was issued for cash. e. There was a $68,430 credit to Retained Earnings for net income. f. There was a $43,700 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, 2019 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: [ I ll DO o 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, 2019 Cash balance, December 31, 2019