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? IOnline x ignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionocator-assi; Show Me How Print Item Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20YS, is as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Assets Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation-equipmert $234,100 $220,520 84,800 79,200 239,400 234,510 0 90,850 122,790 264,130 207,320 (61,840) (55,910) Total assets $883,380 $776,490 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Dividends payable Common stock, $10 par Paid-in capital: Excess of issue price over par-common stock $159,890 $152,970 15,90020,190 6,990 38,050 179,330105,600 8,830 47,700 Check My work 2 more Cneck My Wank uses remainng ASSIST Button

Explanation / Answer

Cash flow Statement Cash flows from Operating activities: Net Income for the year 55540 Add; Adjustment Depreciation 5930 Loss on sale of investment 9080 Change in operating assets and liabilities: Increase in Acounts receivable -5600 Increase in inventories -4890 Increase in Accounts payable 6920 Decrease in Accrued expense -4290 Net cash provided from operating activities 62690 Cash flows from Investing activities: Sale of investment 81770 Purchase of equipment -56810 Purchase of land -122790 Net cash used in investing activities -97830 Cash flows from Financing activities: Dividend paid -34660 Issue of shares 83380 Net cashs provided from financing activities 48720 Net increase in cash 13580 Beginning balance of cash 220520 Ending balance of cash 234100

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