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LUOK Show Me How Print Item Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2078, is as follows: Dec. 31, 2019 Dec. 31, 20Y8 Assets Cash $230,960 83,670 236,150 $213,110 76,540 Accounts receivable (net) Inventories 226,620 87,800 D Investments 0 Land Equipment Accumulated depreciation equipment 121,140 260,590 (61,010) $871,530 200,350 (54,030) $750,390 Total assets $157,750 15,690 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $10 par Paid-in capital in excess of par-common stock Retained earnings Total liabilities and stockholders' equity 8.720 47,000 176,920 465,390 $871,530 $147,830 19,510 6,750 36,770 102,050 437.480 $750,190 P COOR 3 Show Me How Print 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 The investments were sold for $102,730 cash d. The common stock was issued for cash There was a $63.180 credit to Retained Earnings for net income There was a $35,270 debit to Retained Earnings for cash dividends dedored, Required: Prepare a statement of cash flows, wing the indirect method of presenting cash flows from operating activities. Use the minus tign to welicate cash outnows Cont payments, decreases in cash or any negative adjustments Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 2019 Cash rows from used for) operating activities Adjustments to reconcile net income to net cash flow from operating activities Changes in current operatings and abilities: 10 m ll 0 Net cash flow from operatives Cash flows from used for investing Changes in current operating assets and liabilities: m1 Il Net cash flow from operating activities Cash flows from (used for) investing activities: 8 Net cash flow used for investing activities Cash flows from (used for) financing activities: DO 10 Net cash flow from financing activities Cash balance, January 1, 2019 Cash balance, December 31, 2049 Pre