4 Show Me How alculator eBook Statement of cash flows-indirect method Statement of Cash Flows Labels and Amount Descriptlons Instructions Instructions The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, Is shown as follows: Dec. 31, 20Y2 Dec. 31, 20Y3 Assets $150,000.00 $155,000.00 3 Cash 4Accounts receivable (net) 400,000.00 450,000.00 750,000.00 5 Inventories 770,000.00 6 Investments 100,000.00 0.00 7 Land 500,0000 0.00 Equipment 1,400,000.00 1,200,000.00 9Accumulated depreciation-equipment (600,000.00) (500,000.00) $2,675,000.00 $2,100,000.00 Total assets 10 Liabilities and Stockholders' Equity 11 12 Accounts payable (merchandise creditars) $340,000.00 $300,000.00 13 Accrued expenses payable (operating expenses) 45,000.00 50,000.00 14 Dividends payable 30,000.00 25,000.00 Common ctack Ane 700.000.00 L00000.00 Check My Work7 more Check My Work uses remaining. All work saved. Statement of cash flWS Statement of Cash Flows Labels and Amount Descriptlons Instructions nstructions 5 Inventories 750,000.00 770,000.00 100,000.00 0.00 6 Investments 0.00 500,000.00 7 Land * Equipment 1,400,000.00 1,200,000.00 9 Accumulated depreciation-equipment (500,000.00) (600,000.00) $2,675,000.00 $2,100,000.00 Total assets 10 Liabilities and Stockholders' Equity 11 12 Accounts payable (merchandise creditors) $340,000.00 $300,000.00 13 Accrued expenses payable (operating expenses) 45,000.00 5000.00 14 Dividends payable 30,000.00 25,000.00 Common stock, $4 par 15 700,000.00 600,000.00 Paid-in capital: Excess of issue price over par-common stock 200,000.00 16 175,000.00 17 Retained earnings 1,360,000.00 950,000.00 Total liabilities and stockholders' equity $2,675,000.00 $2,100,000.00 18 Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: neck My Work 7 more Check My Work uses remaining. All work saved. E Print Item D Show Me How Calculator eBook Instructions 25,000.00 14 Dividends payable 30,000.00 600,000.00 700,000.00 15 Common stock, $4 par 16 Paid-in capital: Excess of issue price over par-common stock 175,000.00 200,000.00 17 Retained eamings 950,000.00 1,360,000.00 $2,675,000.00 $2,100,000.00 Total liabilities and stockholders' equity 18 Add tional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: a. The Investments were sold for $175,000 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 $500,000 credit to Retained Earnings for net income. 1. There was a $90,000 debit to Retained Eamings for cash dividends declared. Prepare a statement of cash flows, using the indirect method of presenting cash Nows from operating activities. Refer to the La for text entries. Be sure to complete the heading of the statement. Enter amounts that represent cash outfiows as negalive nur Check My Work 7 more Check My Work uses remaining. All work saved. Instructions 14 Dividends payable 30,000.00 25,000.00 Common stock, $4 par 15 700,000 00 600,000.00 16 Paid-in capital: Excess of issue price over par-common stock 200,000.00 175,000.00 17 Retained eamings 950,000.00 1,360,000.00 Total liabilities and steckholdestecuitu $2100 000 00 $2675.000.0 Statement of Cash Flows Prepare a statement of cash flows, using the indirect method of presenting cash lows from operating activities. Refor to the Labels and Amount Descriptions ist provided for the exact wording for text entries. Be sure to complete the heading of the statement. Enter amcunts that represent cash outfiows as negative numbers using a minus sign. Livers Inc. Statement of Cash Flows Dec. 31 1 Cash flows from operating activities: Net cash flow from operating activities Adjustments to reconcile net income to net cash flow from operating activities: Cash paid for dividends Be sure to complete the heading of the statement Enter amounts ihat represent cash outfiows as negative numbers using a minus sign. for text entries. 7 more Check My Work uses remaining. Check My Work Save and Ex All work saved. Statement of Cash Flows 1 Cash flows from operating activities: Net cash flow from operating activities 3 Adjustments to reconcile net income to net cash flow from operating activities: Cash paid for dividends Depreciation Changes in current operating assets and liabilities: 11 or text entries. Be sure to complete the heading of the statement. Enter amounts that represent cash outflows as negative numbe 10 Statement of Cash Flows Changes in current operating assets and liab lities: 10 11 12 13 Cash flows from investing activities: 14 15 16 17 18 19 Cash flows from financing activities: 20 21 22 25 Cash at the beginning of the year 24 7 more Check My Work uses remaining. Check My Work 10 11 12 Cash flows from investing activities: 13 14 15 16 17 18 Cash flows from financing activities: 19 20 21 22 23 Cash at the beginning of the year 24 Cash at the end of the year 25 laduueee romnining Statement of Cash Flows 1 Cash flows from operating activities: Net cash flow from operating activities Adjustments to reconcile net income to net cash flow from operating activities: Cash paid for dividends Depreciation Changes in current operating assets and liabilities: 11 or text entries. Be sure to complete the heading of the statement. Enter amounts that represent cash outflows as negative numbe. 10 %3D