Statement of Cash Flows—Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows:   Dec. 31, 20Y9 Dec. 31, 20Y8 Assets     Cash $70,720   $47,940   Accounts receivable (net) 207,230   188,190   Inventories 298,520   289,850   Investments 0   102,000   Land 295,800   0   Equipment 438,600   358,020   Accumulated depreciation—equipment (99,110)   (84,320)     Total assets $1,211,760   $901,680         Liabilities and Stockholders' Equity     Accounts payable $205,700   $194,140   Accrued expenses payable 30,600   26,860   Dividends payable 25,500   20,400   Common stock, $1 par 202,000   102,000   Paid-in capital: Excess of issue price over par—common stock 354,000   204,000   Retained earnings 393,960   354,280     Total liabilities and stockholders' equity $1,211,760   $901,680   Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: Equipment and land were acquired for cash. There were no disposals of equipment during the year. The investments were sold for $91,800 cash. The common stock was issued for cash. There was a $141,680 credit to Retained Earnings for net income. There was a $102,000 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9 Cash flows from operating activities:       $fill in the blank 2   Adjustments to reconcile net income to net cash flow from operating activities:       fill in the blank 4     fill in the blank 6   Changes in current operating assets and liabilities:       fill in the blank 8     fill in the blank 10     fill in the blank 12     fill in the blank 14   Net cash flow from operating activities   $fill in the blank 15 Cash flows from (used for) investing activities:       $fill in the blank 17     fill in the blank 19     fill in the blank 21   Net cash flow used for investing activities   fill in the blank 22 Cash flows from (used for) financing activities:       $fill in the blank 24     fill in the blank 26   Net cash flow from financing activities   fill in the blank 27     $fill in the blank 29 Cash at the beginning of the year   fill in the blank 30 Cash at the end of the year   $fill in the blank 31

A company’s current-year income statement and selected balance sheet data at December 31 of the current and prior years follow. Prepare the operating activities section of the statement of cash flows using the direct method for the current year.

Please complete the statement of cashflows as required below:   A comparative balance sheet and an income statement for Burgess Company are given below:   Burgess CompanyComparative Balance Sheet(dollars in millions)   Ending Balance Beginning Balance Assets     Current assets:     Cash and cash equivalents $ 44 $ 91 Accounts receivable 690 633 Inventory 675 630 Total current assets 1,409 1,354 Property, plant, and equipment 1,555 1,529 Less accumulated depreciation 800 666 Net property,plant, and equipment 755 863 Total assets $ 2,164 $ 2,217 Liabilities and Stockholders' Equity     Current liabilities:     Accounts payable $ 270 $ 165 Accrued liabilities 185 165 Income taxes payable 87 77 Total current liabilities 542 407 Bonds payable 440 650 Total liabilities 982 1,057 Stockholders' equity:     Common stock 170 170 Retained earnings 1,012 990 Total stockholders' equity 1,182 1,160 Total liabilities and stockholders' equity $…

Statement of Cash Flows (Indirect Method)Use the following information regarding the Lund Corporation to (a) prepare a statement of cash flows using the indirect method and (b) compute Lund’s operating-cash-flow-to-current-liabilities ratio.   Accounts payable increase $9,000 Accounts receivable increase 4,000 Accrued liabilities decrease 3,000 Amortization expense 6,000 Cash balance, January 1 22,000 Cash balance, December 31 15,000 Cash paid as dividends 29,000 Cash paid to purchase land 90,000 Cash paid to retire bonds payable at par 60,000 Cash received from issuance of common stock 35,000 Cash received from sale of equipment 17,000 Depreciation expense 29,000 Gain on sale of equipment 4,000 Inventory decrease 13,000 Net income 76,000 Prepaid expenses increase 2,000 Average current liabilities 100,000 a. Use negative signs with cash outflow answers. LUND CORPORATIONStatement of Cash FlowsFor Year Ended December 31 Cash Flow from…

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Statement of Cash Flows—Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows:   Dec. 31, 20Y9 Dec. 31, 20Y8 Assets     Cash $303,530   $282,030   Accounts receivable (net) 109,960   101,290   Inventories 310,400   299,900   Investments 0   116,190   Land 159,210   0   Equipment 342,470   265,140   Accumulated depreciation—equipment (80,180)   (71,500)   Total assets $1,145,390   $993,050         Liabilities and Stockholders' Equity     Accounts payable (merchandise creditors) $207,320   $195,630   Accrued expenses payable (operating expenses) 20,620   25,820   Dividends payable 11,450   8,940   Common stock, $10 par 61,850   48,660   Paid-in capital in excess of par—common stock 232,510   135,050   Retained earnings 611,640   578,950   Total liabilities and stockholders’ equity $1,145,390   $993,050   Additional data obtained from an examination of the accounts in the ledger for…

Statement of Cash Flows The comparative balance sheet of Hirayama Industries Inc. for December 31, 20Y2 and 20Y1, is as follows:   Dec. 31, 20Y2 Dec. 31, 20Y1 Assets     Cash $234   $18   Accounts receivable (net) 70   63   Inventories 150   127   Land 320   422   Equipment 262   224   Accumulated depreciation—equipment (87)   (54)     Total assets $949   $800   Liabilities and Stockholders' Equity     Accounts payable (merchandise creditors) $65   $47   Dividends payable 6   -   Common stock, $1 par 160   102   Excess of paid-in capital over par 109   90   Retained earnings 609   561     Total liabilities and stockholders' equity $949   $800   The following additional information is taken from the records: Land was sold for $153. Equipment was acquired for cash. There were no disposals of equipment during the year. The common stock was issued for cash. There was a $79 credit to Retained Earnings for net income. There was a $31 debit to Retained…

Statement of cash flows for the following: The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows:   1   Dec. 31, 20Y3 Dec. 31, 20Y2 2 Assets     3 Cash $155,000.00 $150,000.00 4 Accounts receivable (net) 450,000.00 400,000.00 5 Inventories 770,000.00 750,000.00 6 Investments 0.00 100,000.00 7 Land 500,000.00 0.00 8 Equipment 1,400,000.00 1,200,000.00 9 Accumulated depreciation-equipment (600,000.00) (500,000.00) 10 Total assets $2,675,000.00 $2,100,000.00 11 Liabilities and Stockholders’ Equity     12 Accounts payable (merchandise creditors) $340,000.00 $300,000.00 13 Accrued expenses payable (operating expenses) 45,000.00 50,000.00 14 Dividends payable 30,000.00 25,000.00 15 Common stock, $4 par 700,000.00 600,000.00 16 Paid-in capital in excess of par—common stock 200,000.00…

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Demers Inc. reported the following data: Net income $409,500 Depreciation expense 46,460 Gain on disposal of equipment 37,860 Decrease in accounts receivable 25,340 Decrease in accounts payable 5,930   Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.