The comparative balance sheet of Merrick Equipment Co. for December 31, 2049 and 2088, is as follows: Dec. 31, Dec. 31, 2049 20Y8 Assets Cash Accounts receivable (net) Inventories Investments $302,620 $284,430 109,630 102,150 309,470 302,450 0 117,180 158,730 0 341,450 267,400 (79,940) (72,110) $1,141,960 $1,001,500 Land Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Dividends payable Common stock, $10 par $206,690 20,560 $197,300 26,040 11,420 9,010 61,670 49,070 Paid-in capital: Excess of issue price over par-common stock 231,820 136,200 Retained earninne ng an SR2 RAN Liabilities and Stockholders' Equity Accounts payable $206,690 $197,300 Accrued expenses payable 20,560 26,040 Dividends payable 11,420 9,010 Common stock, $10 par 61,670 49,070 Pald-in capital: Excess of issue price over par-common stock 231,820 136,200 Retained earnings 609,800 583,880 Total liabilities and stockholders' equity $1,141,960 $1,001,500 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 $105,460 cash. d. The common stock was issued for cash. e. There was a $72,990 credit to Retained Earnings for net income. 1. There was a $47,070 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 ca cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 2019 Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: I 1 D 0