ties Series B PR 16-1B Statement of cash flows-indirect method OBJ. 2 The comparative balance sheet of Merrick Equipment Co. for 20Y8, is as follows: for December 31, 20Y9 and Dec. 31, 20Y8 Dec. 31, 20Y9 Assets Cash 47,940 188,190 289,850 102,000 207,230 298,520 Investments. Land 295,800 438,600 (99,110) $1,211,760 358,020 (84,320) $901,680 Liabilities and Stockholders'Equity Accounts payable 194,140 26,860 20,400 102,000 204,000 354,280 $901,680 $ 205,700 30,600 25,500 202,000 Paid-in capital: Excess of issue price over par-common stock.354,000 393,960 Total liabilities and stockholders' equity.1.211.760 Additional data obtained from an examination of the accounts in the ledger for 20Y9 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 to Retained Earnings for net f. There was a $102,000 debit to Retained Earnings for cash dividends declared. Instructions Prepare a from operating activities. statement of cash flows, using the indirect method of presenting cash flows