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The comparative balance sheet of Merrick Equipment Co. for December 31.20v9 and 20 ver is as iollowsi 26 Additional data obtained from an examination of

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The comparative balance sheet of Merrick Equipment Co. for December 31.20v9 and 20 ver is as iollowsi 26 Additional data obtained from an examination of the accounts in the ledger for 20 y 9 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 $91,800 cash. d. The common stock was issued for cash. e. There was a $141,680 credit tp Retained Eawings for net income. f. There was a $102,000 debit to Retained Earnings for cash dividends declared. Required

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