The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 20Y8, is as follows: Dec. 31, 2079 Dec. 31, 20Y8 Assets Cash Accounts receivable (net) $315,750 114,390 $297,110 106,710 Inventories 322,910 Investments 315,930 122,400 0 Land 0 Equipment Accumulated depreciation-equipment 165,620 356,260 (83,410) 279,320 (75,320) $1,046,150 Total assets $1,191,520 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $215,670 $206,090 Accrued expenses payable (operating expenses) 21,450 27,200 Dividends payable 11,920 9,420 Common stock, $10 par 64,340 51,260 Paid-in capital in excess of par--common stock 241,880 142,280 Retained earnings 636,260 609,900 Total liabilities and stockholders' equity $1,191,520 $1,046,150 Additional data obtained from an examination of the accounts in the ledger for 2049 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 $143,210 cash. d. The common stock was issued for cash. e. There was a $75,530 credit to Retained Earnings for net income. f. There was a $49,170 debit to Retained Earnings for cash dividends declared. 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: 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