The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Cash Accounts receivable (net) Inventories Investments Land Assets Equipment Accumulated depreciation-equipment Total assets Dec. 31, Dec. 31, 2019 2018 $295,040 $276,660 106,880 99,370 301,710 294,200 0 113,980 154,750 0 332,890 260,100 (77,930) (70,140) $1,113,340 $974,170 Liabilities and Stockholders' Equity Accounts payable $201,510 $191,910 Accrued expenses payable 20,040 25,330 Dividends payable 11,130 8,770 Common stock, $10 par 60,120 47,730 Paid-in capital: Excess of issue price over par-common stock 226,010 132,490 Retained earnings 594,530 567,940 Total liabilities and stockholders' equity $1,113,340 $974,170 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 $102,580 cash. d. The common stock was issued for cash. e. There was a $72,380 credit to Retained Earnings for net income. f. There was a $45,790 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