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 $290,780   $268,930   Accounts receivable (net) 105,340   96,590   Inventories 297,360   285,980   Investments 0   110,790   Land 152,520   0   Equipment 328,080   252,830   Accumulated depreciation—equipment (76,810)   (68,180)   Total assets $1,097,270   $946,940         Liabilities and Stockholders' Equity     Accounts payable (merchandise creditors) $198,610   $186,550   Accrued expenses payable (operating expenses) 19,750   24,620   Dividends payable 10,970   8,520   Common stock, $10 par 59,250   46,400   Paid-in capital in excess of par—common stock 222,750   128,780   Retained earnings 585,940   552,070   Total liabilities and stockholders’ equity $1,097,270   $946,940   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 $129,620 cash. The common stock was issued for cash. There was a $78,380 credit to Retained Earnings for net income. There was a $44,510 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.

Prepare the statement of cash glows using the indirect method. Please show all work   Please don't provide answer in image format thank you

Statement of Cash Flows The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, Dec. 31, 20Y8 20Y7 Cash Accounts receivable (net) Merchandise inventory Assets Prepaid expenses Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par Excess of paid-in capital over par Retained earnings Total liabilities and stockholders' equity $53,650 $66,100 82,440 89,100 117,780 110,440 4,800 3,350 239,920 197,870 (62,380) (48,530) $436,210 $418,330 $91,600 0 14,000 203,000 127,610 $436,210 $87,430 125,500 9,000 118,000 78,400 $418,330 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: a. Net income, $125,980. b. Depreciation reported on the income statement, $30,270. c. Equipment was purchased at a cost of $58,470, and fully depreciated…

Statement of cash flows—indirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Line Item Description December 31, 20Y9 December 31, 20Y8 Assets     Cash $305,280 $281,690 Accounts receivable (net) 110,590 101,170 Inventories 312,180 299,530 Investments 0 116,050 Land 160,130 0 Equipment 344,450 264,830 Accumulated depreciation—equipment (80,640) (71,410) Total assets $1,151,990 $991,860 Liabilities and Stockholders' Equity     Accounts payable (merchandise creditors) $208,510 $195,400 Accrued expenses payable (operating expenses) 20,740 25,790 Dividends payable 11,520 8,930 Common stock, $10 par 62,210 48,600 Paid-in capital in excess of par—common stock 233,850 134,890 Retained earnings 615,160 578,250 Total liabilities and stockholders' equity $1,151,990 $991,860 Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: Equipment and land…

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 $226,390   $211,080   Accounts receivable (net) 82,010   75,810   Inventories 231,510   224,450   Investments 0   86,960   Land 118,750   0   Equipment 255,440   198,450   Accumulated depreciation—equipment (59,800)   (53,510)     Total assets $854,300   $743,240         Liabilities and Stockholders' Equity     Accounts payable $154,630   $146,420   Accrued expenses payable 15,380   19,320   Dividends payable 8,540   6,690   Common stock, $10 par 46,130   36,420   Paid-in capital: Excess of issue price over par-common stock 173,420   101,080   Retained earnings 456,200   433,310     Total liabilities and stockholders’ equity $854,300   $743,240   Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: Equipment and…

Statement of cash flows—indirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Line Item Description December 31, 20Y9 December 31, 20Y8 Assets     Cash $230,690 $215,090 Accounts receivable (net) 83,570 77,250 Inventories 235,920 228,730 Investments 0 88,610 Land 121,010 0 Equipment 260,290 202,220 Accumulated depreciation—equipment (60,940) (54,530) Total assets $870,540 $757,370 Liabilities and Stockholders' Equity     Accounts payable (merchandise creditors) $157,570 $149,200 Accrued expenses payable (operating expenses) 15,670 19,690 Dividends payable 8,710 6,820 Common stock, $10 par 47,010 37,110 Paid-in capital in excess of par—common stock 176,720 103,000 Retained earnings 464,860 441,550 Total liabilities and stockholders' equity $870,540 $757,370 Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: Equipment and land were…

Statement of cash flows—indirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Line Item Description December 31, 20Y9 December 31, 20Y8 Assets     Cash $269,900 $253,670 Accounts receivable (net) 97,780 91,110 Inventories 276,000 269,750 Investments 0 104,510 Land 141,570 0 Equipment 304,530 238,490 Accumulated depreciation—equipment (71,290) (64,310) Total assets $1,018,490 $893,220 Liabilities and Stockholders' Equity     Accounts payable (merchandise creditors) $184,350 $175,960 Accrued expenses payable (operating expenses) 18,330 23,220 Dividends payable 10,180 8,040 Common stock, $10 par 55,000 43,770 Paid-in capital in excess of par—common stock 206,750 121,480 Retained earnings 543,880 520,750 Total liabilities and stockholders' equity $1,018,490 $893,220 Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: Equipment and land…

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 $239,460   $223,010   Accounts receivable (net) 86,750   80,100   Inventories 244,880   237,150   Investments 0   91,870   Land 125,600   0   Equipment 270,190   209,660   Accumulated depreciation—equipment (63,250)   (56,540)     Total assets $903,630   $785,250         Liabilities and Stockholders' Equity     Accounts payable $163,560   $154,690   Accrued expenses payable 16,270   20,420   Dividends payable 9,040   7,070   Common stock, $10 par 48,800   38,480   Paid-in capital: Excess of issue price over par-common stock 183,440   106,790   Retained earnings 482,520   457,800     Total liabilities and stockholders’ equity $903,630   $785,250   Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: Equipment and…

eBook Calculator Print Item Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $190,000 of bonds, on which there was $1,900 of unamortized discount, for $198,000. b. Sold 7,000 shares of $20 par common stock for $41 per share. c. Sold equipment with a book value of $62,500 for $90,000. d. Purchased land for $528,000 cash. e. Purchased a building by paying $84,000 cash and issuing a $110,000 mortgage note payable. f. Sold a new issue of $260,000 of bonds at 97. g. Purchased 5,700 shares of $20 par common stock as treasury stock at $37 per share. h. Paid dividends of $1.80 per share. There were 27,0000 shares issued and 4,000 shares of treasury stock. Effect Amount a. C. d. h. Check My Work 3 more Check My Work uses remaining. ( Previous Next %24 %24

Required Information Exercise 12-10A (Algo) Determining cash flows from Investing activities LO 12-3 [The following information applies to the questions displayed below.] The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year-end balance sheets: Account Title Investment securities Machinery Land Other Information drawn from the accounting records: Year 2 $ 104,300 524,400 143,300 1. Delsey Incurred a $1,210 loss on the sale of Investment securities during Year 2. 2. Old machinery with a book value of $4,860 (cost of $25.120 minus accumulated depreciation of $20,260) was sold. The Income statement showed a gain on the sale of machinery of $4,670. 3. Delsey did not sell land during the year. Exercise 12-10A (Algo) Part e e. Prepare the investing activities section of the statement of cash flows. Note: Amounts to be deducted should be indicated with a minus sign. DEL SEY COMPANY Statement of Cash Flows (Investing Activities) For the Year…