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 $261,190   $244,930   Accounts receivable (net) 94,620   87,970   Inventories 267,110   260,450   Investments 0   100,900   Land 137,000   0   Equipment 294,700   230,270   Accumulated depreciation—equipment (68,990)   (62,090)     Total assets $985,630   $862,430         Liabilities and Stockholders' Equity     Accounts payable $178,400   $169,900   Accrued expenses payable 17,740   22,420   Dividends payable 9,860   7,760   Common stock, $10 par 53,220   42,260   Paid-in capital: Excess of issue price over par-common stock 200,080   117,290   Retained earnings 526,330   502,800     Total liabilities and stockholders’ equity $985,630   $862,430   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 $90,810 cash. The common stock was issued for cash. There was a $64,060 credit to Retained Earnings for net income. There was a $40,530 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 out flows, cash payments, decreases in cash, or any negative adjustments

Comparative financial statements for Weaver Company follow:   Weaver CompanyComparative Balance Sheetat December 31   This Year Last Year Assets     Cash $ 13 $ 13 Accounts receivable 291 228 Inventory 153 195 Prepaid expenses 9 6 Total current assets 466 442 Property, plant, and equipment 513 433 Less accumulated depreciation (82) (72) Net property, plant, and equipment 431 361 Long-term investments 26 33 Total assets $ 923 $ 836 Liabilities and Stockholders' Equity     Accounts payable $ 301 $ 224 Accrued liabilities 73 79 Income taxes payable 71 65 Total current liabilities 445 368 Bonds payable 195 170 Total liabilities 640 538 Common stock 162 202 Retained earnings 121 96 Total stockholders’ equity 283 298 Total liabilities and stockholders' equity $ 923 $ 836   Weaver CompanyIncome StatementFor This Year Ended December 31 Sales   $ 754 Cost of goods sold   447 Gross margin   307 Selling and administrative expenses…

The net income reported on the income statement for the current year was $313,659. Depreciation recorded on fixed assets and amortization of patents for the year were $38,968, and $9,722, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $42,392 $55,782 Accounts receivable 126,305 101,016 Inventories 100,582 80,433 Prepaid expenses 4,060 7,575 Accounts payable (merchandise creditors) 50,302 78,390 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? Oa. $214,402 Ob. $432,360 Oc. $412,916 Od. $292,338

Marchant Ltd. reported the following abbreviated statement of financial position and statement of income for 2024. MARCHANT LTD. Comparative Statement of Financial Position   Dec. 31, 2024 Dec. 31, 2023 Cash $  60,000 $  70,000 Accounts receivable 120,000 140,000 Inventory 320,000 280,000 Property, plant, and equipment 700,000 650,000 Less: Accumulated depreciation   (260,000)   (230,000) Total assets $940,000 $910,000 Accounts payable $ 82,000 $ 85,000 Wages payable 8,000 10,000 Loan payable 350,000 400,000 Common shares 200,000 150,000 Retained earnings  300,000  265,000 Total liabilities and shareholders’ equity $940,000 $910,000 MARCHANT LTD. Statement of Income For the year ended December 31, 2024 Sales revenue   $450,000 Cost of goods sold     240,000 Gross profit   210,000 Other expenses:     Supplies expense $ 15,000   Depreciation expense 30,000   Wages expense 100,000   Other operating expenses 5,000   Interest expense…