1. PR. 13-04.ALGO Statement of Cash Flows-Indirect Method 2. PR. 13-02. ALGO The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows: 3. PR. 13-03. ALGO Dec. 31, 2043 Dec. 31, 2042 4. PR. 13-01.ALGO Assets Cash Accounts receivable (net) $241,780 87,590 247,260 $224,140 80,500 238,330 92,340 Inventories Investments Land Equipment 126,820 272,800 (63,870) 210,720 (56,820) Accumulated depreciation-equipment Total assets $912,380 $789,210 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $10 par Paid-in capital: Excess of issue price over par-common stock Retained earnings $165,140 16,420 9,120 49,270 $155,470 20,520 7,100 38,670 185,210 107,330 487,220 460,120 Total liabilities and stockholders' equity $912,380 $789,210 Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: a. The investments were sold for $108,040 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. d. The common stock was issued for cash. e. There was a $64,190 credit to Retained Earnings for net income. f. There was a $37,090 debit to Retained Earnings for cash dividends declared. 4. PR. 13-01.ALGO 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 out flows, cash payments, decreases in cash, or any negative adjustments. Livers Inc. Statement of Cash Flows For the Year Ended December 31, 20Y3 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from investing activities: Net cash flow used for investing activities Cash flows from financing activities: Net cash flow from financing activities Cash at the beginning of the year Cash at the end of the year