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 $296,640   $278,810   Accounts receivable (net) 107,460   100,130   Inventories 303,350   296,470   Investments 0   114,860   Land 155,600   0   Equipment 334,700   262,120   Accumulated depreciation—equipment (78,360)   (70,680)   Total assets $1,119,390   $981,710         Liabilities and Stockholders' Equity     Accounts payable (merchandise creditors) $202,610   $193,400   Accrued expenses payable (operating expenses) 20,150   25,520   Dividends payable 11,190   8,840   Common stock, $10 par 60,450   48,100   Paid-in capital in excess of par—common stock 227,240   133,510   Retained earnings 597,750   572,340   Total liabilities and stockholders’ equity $1,119,390   $981,710   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 $134,390 cash. The common stock was issued for cash. There was a $71,550 credit to Retained Earnings for net income. There was a $46,140 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.

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 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