(Solved): Statement of Cash Flows - Indirect Method The comparative balance sheet of Merrick Equipment Co. fo ...

Statement of Cash Flows - Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, $$20Y9$$ and $$20Y8$$, is as follows: Additional data obtained from an examination of the accounts in the ledger for $$20y9$$ are as follows: a. Equipenent and land were acquired for cash. b. There vere no disposals of equipment during the year, c. The Investments were sold for $$\$100,840$$ cash. d. The common stock was issued for cash. e. There was a $$\$55,230$$ credit to Retained Earnings for net income. f. There was a $$\$34,620$$ debit to Retalned Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash Hows from operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash fows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities Cash balance, January $$1,20\mathrm{Y}$$ Cash balance, December $$31,209$$