Calculate the $ change from2018- 2019 **Merrick Equipment Co. Comparative Balance Sheet Analysis**The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8 is presented below. This analysis aims to indicate where changes will be placed in the operating, investing, or financing section of the statement of cash flows and whether they represent an inflow or outflow.**Assets**- **Cash** - 20Y9: $70,720 - 20Y8: $47,940- **Accounts Receivable (net)** - 20Y9: $207,230 - 20Y8: $188,190- **Inventories** - 20Y9: $298,520 - 20Y8: $289,850- **Investments** - 20Y9: $0 - 20Y8: $102,000- **Land** - 20Y9: $295,800 - 20Y8: $0- **Equipment** - 20Y9: $438,600 - 20Y8: $358,020- **Accumulated Depreciation—Equipment** - 20Y9: $(99,110) - 20Y8: $(84,320)- **Total Assets** - 20Y9: $1,211,760 - 20Y8: $901,680**Liabilities and Stockholders' Equity**- **Accounts Payable** - 20Y9: $205,700 - 20Y8: $194,140- **Accrued Expenses Payable** - 20Y9: $30,600 - 20Y8: $26,860- **Dividends Payable** - 20Y9: $25,500 - 20Y8: $20,400- **Common Stock, $1 par** - 20Y9: $202,000 - 20Y8: $102,000- **Paid-in Capital in Excess of Par—Common Stock** - 20Y9: $354,000 - 20Y8: $204,000- **Retained Earnings** - 20Y

A financial statement that summarises the amount of cash and cash equivalents entering and exiting a…

Indicate if the change will be placed in the operating, investing or financing section of the statement of cash flows and will the change be presented as an inflow or outflow The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Change Ops/ Inv/Fin Inflow/Outflow Assets Cash $70,720 $47,940 Accounts receivable (net) 207,230 188,190 Inventories 298,520 289,850 Investments 102,000 Land 295,800 0. 358,020 Equipment Accumulated depreciation-equip 438,600 (99,110) (84,320) Total assets $1,211,760 $901,680 Liabilities and Stockholders' Equity Accounts payable $205,700 $194,140 Accrued expenses payable 30,600 26,860 Dividends payable 25,500 20,400 Common stock, $1 par 202,000 102,000 Paid-in capital in excess of par-cs 354,000 204,000 Retained earnings 393,960 354,280 Total liabilities and stockholders' $1,211,760 $901,680 equity

Indicate if the change will be placed in the operating, investing or financing section of the statement of cash flows and will the change be presented as an inflow or outflow The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Change Ops/ Inv/Fin Inflow/Outflow Assets Cash $70,720 $47,940 Accounts receivable (net) 207,230 188,190 Inventories 298,520 289,850 Investments 102,000 Land 295,800 0. 358,020 Equipment Accumulated depreciation-equip 438,600 (99,110) (84,320) Total assets $1,211,760 $901,680 Liabilities and Stockholders' Equity Accounts payable $205,700 $194,140 Accrued expenses payable 30,600 26,860 Dividends payable 25,500 20,400 Common stock, $1 par 202,000 102,000 Paid-in capital in excess of par-cs 354,000 204,000 Retained earnings 393,960 354,280 Total liabilities and stockholders' $1,211,760 $901,680 equity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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