Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31,...

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Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2049 and 20Y8 Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 2049 Cash flows from operating activities: Adju

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Merrick Equipment Co.
Statement of Cash Flows
For the Year Ended December 31, 20Y9
Cash flows from operating activities:
Net income	$ 60,060.00
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation	$ 6,490.00
Loss on sale of investments	$ 9,370.00
Changes in current operating assets and liabilities:
Increase in accounts receivable	$ (6,280.00)
Increase in inventories	$ (6,470.00)
Increase in accounts payable	$ 8,090.00
Decrease in accrued expenses payable	$ (4,330.00)
Net cash flow from operating activities		$ 66,930.00

Cash flows from (used for) investing activities:
Cash Received from sale of investments	$ 84,350.00
Cash used for purchase of land	$ (127,400.00)
Cash used for purchase of equipment	$ (60,160.00)
Net cash flow used for investing activities		$ (103,210.00)

Cash flows from (used for) financing activities:
Cash received from sale of common stock	$ 87,350.00
Cash used for dividends	$ (35,690.00)
Net cash flow from financing activities		$ 51,660.00

Increase in cash		$ 15,380.00
Cash at the beginning of the year		$ 227,500.00
Cash at the end of the year		$ 242,880.00

.

Dividends paid in cash
Dividends declared	$ 37,650.00
Less: Increase in dividends payable	$ (1,960.00)
Dividends paid in cash	$ 35,690.00

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