b

The comparative balance sheet of Suffridge Inc. for December 31,20Y4 and 20Y3, is as follows: Total liabilities and stockholders' equity The income statement for the year ended December 31,20Y4, is as follows: Additional data obtained from an examination of the accounts in the ledger for 20Y4 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 $702,000 cash. d. The common stock was issued for cash. e. There was a $630,400 debit to Retained Earnings for cash dividends declared. Prepare a statement of cash flows, using the direct method of presenting cash flows from (used for) operating activities. Use th outflows, cash payments, decreases in cash, or any negative adjustments. For the Year Ended December 31, 20Y4 Cash flows from (used for) operating activities: Net cash flows from operating activities Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flows provided by financing activities Cash balance, January 1, 20 Y4 Cash balance, December 31,20 Y 4 Check My Work