Additional data obtained from an examination of the accounts in the ledger for $20Y9$ 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 $$91,800$ cash.

d$.$ The common stock was issued for cash.

e$.$ There was a $$141,680$ credit to Retained Earnings for net income.

f$.$ There was a $$102,000$ debit to Retained Earnings for cash dividends declared.

Instructions

Prepare a statement of cash flows, using the indirect method of presenting cash flows from $($used

for$)$ operating activities.