The comparative balance sheet of Merrick Equipment Co. for December 31, 20 Y9 and 20Y8, is as follows: December31,20r9December31,20Y8 Assets Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation-equipment Total assets Labilities and Stockholders' Equity Accounts payable (merchandise creditors) Acerued expenses payable (operating expenses) Dividends parable Common stock, $10 par Pald-in capital in ercess of par-common stock Retained earnings Totel liablities and stockholders' equity $306,300$266,390 111,140102,860 313,750304,530 0117,980 160,9300 346,170269,240 (81,040)(72,600) $1,157,750$1,008,400 $209,550$198,650 20,04026,220 11,5809,080 62,52049,410 235,020137,140 Additionel data obtained from an examination of the accounts in the ledger for 20r9 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 $130,040 cash. d. The common stock was issued for cash. e. There was a $77,730 credit to Retained Earnings for net income. f. There was a 547,390 debit to Retained Earnings for cash dividends declared. Required: cash payments, decreases in cash, of amy negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20 Y9 Line Item Description Amount Amount Cath flows from (used for) operating activitoes: Adjustrents to reconcle net income to net cash fiows from (used for) operating activities: Changes in current operating assets and liabilities: Cash flows from (used for) investing activities: Cosh fows from (uled fon) financing activites! Cah balance, January 1, 20re Cosh balence, December 31, 20 rs