Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Total liabilities and stockholders' equity $1,188,220$1,032,560 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 $141,350 cash. d. The common stock was issued for cash. e. There was a $81,060 credit to Retained Earnings for net income, f. There was a $48,530 debit to Retained Earnings for cash dividends declared. 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 $141,350 cash. d. The common stock was issued for cash. e. There was a $81,060 credit to Retained Earnings for net income. f. There was a $48,530 debit to Retained Earnings for cash dividends declared. Adjustments to reconcle net income to het casn fiow trom operating activites: Depreciation Gain on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventaries Increase in accounts payable Decrease in accrued expenses payable Net cash flow from operating activities Cash flows from (used for) investing activities: Cash received from sale of investments Cash paid for purchase of land Cash paid for purchase of equipment Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash received from sale of cammon stock Cash paid for dividends Net cash flow from financing activities Net increase in cash Cash balance, January 1, 20Y9 Cash balance, December 31, 20Yr