Assets Cash Accounts recelvable (net) Inventories Land Equipment Accumulated depredlation-equipment $152 86 54 123 69 (19) $465 $47 59 33 135 52 (10) 316 Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $1 par Paid-in capital: Excess of issue price over par- common stock Retained earnings $59 $47 31 15 80 286 $465 37 217 Total liabilities and stockholders' equity $316 The following additional information is taken from the records: 1. Land was sold for $30. 2. Equipment was acquired for cash. 3. There were no disposals of equipment during the year 4. The common stock was issued for cash. 5. There was a $100 credit to Retained Earnings for net income 6. There was a $31 debit to Retained Earnings for cash dividends declared. a. 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 payments, decreases in cash, or any negative adjustments