The comparative balance sheet of Merrick Equipment Co. for December 31,20 Y 9 and 20 Y8, is as follows: Additional data obtained from an examination of the accounts in the ledger for 20 Y 9 are as follows: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $138 , 950 cash. d. The common stock was issued for cash. e. There was a $83 , 290 credit to Retained Earnings for net income. f. There was a $47 , 710 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. Net cash flows from operating activities Cash flows from (used for) investing activities: Cash received from sale of investments Cash paid for purchase of land Cash paid for purchase of equipment Net cash flows used for investing activities Cash flows from (used for) financing activities: Cash received from sale of common stock Cash paid for dividends Net cash flows from financing activities Net increase in cash Cash balance, January 1 , 20 Y Cash balance, December 31, 20 Y9.

1. The comparative balance sheet of Suffridge Inc. for December 31 , 20 Y 4 and 20 Y 3 , is as
follows: Total liabilities and stockholders' equity The income statement for the year ended
December 31 , 20 Y 4 , is as follows: Additional data obtained from an examination of the
accounts in the ledger for 20 Y 4 are as follows: a. Equipment and land were acquired for cash.
b. There were no disposals of equipment during the year: c. The investments were sold for $702 ,
000 cash. d. The common stock was issued for cash. e. There was a $630 , 400 debit to Retained
Earnings for cash dividends declared. Prepare a statement of cash flows, using the direct method
of presenting cash flows from (used for) operating activities. Use th outflows, cash payments,
decreases in cash, or any negative adjustments. For the Year Ended December 31, 20Y4 Cash
flows from (used for) operating activities: Net cash flows from operating activities Cash flows
from (used for) investing activities: Net cash flow used for investing activities Cash flows from
(used for) financing activities: Net cash flows provided by financing activities Cash balance,
January 1, 20 Y4 Cash balance, December 31,20 Y 4 Check My Work