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 $258,940    $239,770    Accounts receivable (net) 93,810    86,110    Inventories 264,810    254,970    Investments 0   98,780    Land 135,820    0   Equipment 292,170    225,420    Accumulated depreciation—equipment (68,400)   (60,790)   Total assets $977,150    $844,260          Liabilities and Stockholders' Equity     Accounts payable $176,860    $166,320    Accrued expenses payable 17,590    21,950    Dividends payable 9,770    7,600    Common stock, $10 par 52,770    41,370    Excess of paid-in capital over par 198,360    114,820    Retained earnings 521,800    492,200    Total liabilities and stockholders' equity $977,150    $844,260    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 $88,900 cash. The common stock was issued for cash. There was a $69,280 credit to Retained Earnings for net income. There was a $39,680 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) 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 FlowsFor the Year Ended December 31, 20Y9 Cash flows from (used for) operating activities: blank     $- Select -   Adjustments to reconcile net income to net cash flows from (used for) operating activities: blank     - Select -     - Select -   Changes in current operating assets and liabilities: blank     - Select -     - Select -     - Select -     - Select -   Net cash flows from operating activities blank $fill in the blank 15 Cash flows from (used for) investing activities: blank     $- Select -     - Select -     - Select -   Net cash flows used for investing activities blank fill in the blank 22 Cash flows from (used for) financing activities: blank     $- Select -     - Select -   Net cash flows from financing activities blank fill in the blank 27   blank $- Select - Cash balance, January 1, 20Y9 blank fill in the blank 30 Cash balance, December 31, 20Y9

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 $246,670   $230,250   Accounts receivable (net) 89,360   82,700   Inventories 252,250   244,840   Investments 0   94,860   Land 129,390   0   Equipment 278,320   216,470   Accumulated depreciation—equipment (65,160)   (58,370)   Total assets $930,830   $810,750         Liabilities and Stockholders' Equity     Accounts payable (merchandise creditors) $168,480   $159,720   Accrued expenses payable (operating expenses) 16,750   21,080   Dividends payable 9,310   7,300   Common stock, $10 par 50,260   39,730   Paid-in capital in excess of par—common stock 188,960   110,260   Retained earnings 497,070   472,660   Total liabilities and stockholders’ equity $930,830   $810,750   Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: Equipment and land were…

The following information is available from the current period financial statements: Net income $ 120,206 Depreciation expense $31,199 Increase in accounts receivable $16,040 Decrease in accounts payable $24,041 The net cash flow from operating activities using the indirect method is a.$97,008 b.$191,486 c.$111,324 d.$72,967

The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Line Item Description December 31, 20Y8 December 31, 20Y7 Assets Cash $49,240 $60,530 Accounts receivable (net) 75,650 81,600 Inventories 108,080 101,130 Prepaid expenses 4,400 3,060 Equipment 220,160 181,200 Accumulated depreciation-equipment (57,240) (44,440) Total assets $400,290 $383,080 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $84,060 $80,060 Mortgage note payable 0 114,920 Common stock, $1 par 13,000 8,000 Paid-in capital in excess of par-common stock 183,000 108,000 Retained earnings 120,230 72,100 Total liabilities and stockholders’ equity $400,290 $383,080 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: Net income, $123,210. Depreciation reported on the income statement, $27,840. Equipment was purchased at a cost of $54,000 and fully depreciated…

Financial data for Joel de Paris, Inc., for last year follow:   Joel de Paris, Inc.Balance Sheet   BeginningBalance   EndingBalance Assets Cash $ 129,000   $ 137,000   Accounts receivable   336,000     477,000   Inventory   580,000     488,000   Plant and equipment, net   875,000     858,000   Investment in Buisson, S.A.   406,000     431,000   Land (undeveloped)   252,000     251,000   Total assets $ 2,578,000   $ 2,642,000   Liabilities and Stockholders' Equity Accounts payable $ 387,000   $ 331,000   Long-term debt   1,039,000     1,039,000   Stockholders' equity   1,152,000     1,272,000   Total liabilities and stockholders' equity $ 2,578,000   $ 2,642,000       Joel de Paris, Inc.Income Statement   Sales         $ 4,850,000   Operating expenses           4,122,500   Net operating income           727,500   Interest and taxes:               Interest expense $ 121,000           Tax expense   208,000       329,000   Net income…

Cash flow from operating activity????

The following information is available from the current period financial statements: Net income $ 111,199 Depreciation expense $34,516 Increase in accounts receivable $15,211 Decrease in accounts payable $22,902 The net cash flow from operating activities using the indirect method is a.$61,472 b.$183,828 c.$107,602 d.$84,374