www . eBook Show Me How Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2088, is as follows: Dec. 31, 2019 Dec 31, 2018 Assets Cash Accounts receivable (net) $70,720 207,230 298,520 0 Inventories $47,940 189,190 289,850 102,000 0 Investments 295,800 438,600 Land Equipment Accumulated depreciation-equipment (99,110) $1,211,760 358,020 (84,320) $901,680 Total assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, si par Paid-in capital in excess of par-common stock Retained earnings $205,700 30,600 25,500 202,000 354,000 393,960 $194,140 26,860 20,400 102,000 204,000 354,280 $1,211,760 $901,680 Total liabilities and stockholders' equity 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 Boch Show Me How Additionat idata obtained from a camination the counts the beer for 2010 we foters a. Equipment and land were acquired for cath b. There were no dispose of event during the yea The investments were so for $91,500 cash. d. The common stock was issued for cash e. There was a $14.00 to Retained aming for netcome. . There was a $102,000 set to Retained Earnings for cash dividends dedared Required Prepare a statement of catch now, ting medirect method of presenting costrom operating Use the stone car outlows ush payments, decreases in can, or any negative adjustments Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from used for) operating activities Adjustments to reconcile et income to net can flow from operating activities Changes in current operating assets and lates QI0 II Net cash now from operating activities Cash flows from used for investing activities Next > Check My Work es FLORA MACH CBA 1. 0 TAD DO DI II II 13.00 ODOU cm - Sre EN B 5 C. . Y o R W Q E
