Calculator Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows: 1 Dec 31, 2093 Dec 31, 2012 2 Assets 3 Cash $625,650.00 $586,340.00 Accounts receivable (net) 228,170.00 208,030.00 5 Inventories 641,480.00 617,130.00 6 Investments 0.00 240,290.00 7 Land 328,170.00 0.00 * Equipment Accumulated depreciation-equipment 706,070.00 552,300.00 10 Total assets (165,580.00) $2,363,960.00 (147,010.00) $2,057,080.00 11 Liabilities and Stockholders' Equity ator cement of cash flows-indirect method instructions Labels and Amount Descriptions Statement of Cash Flows structions 5 Inventories 641,480.00 617,130.00 6 Investments 0.00 240,290.00 7 Land 328,170.00 0.00 706,070.00 552,300.00 8 Equipment 9 Accumulated depreciation equipment (165,580.00) (147,010,00) 10 $2,363,960.00 $2,057,080.00 11 $424,300.00 $404,860.00 41,850.00 52,880.00 Total assets Liabilities and Stockholders' Equity 12 Accounts payable (merchandise creditors) 13 Accrued expenses payable (operating expenses) 14 Dividends payable 15 Common stock, 54 par 16 Paid-in capital: Excess of issue price over par-common stock 12 Retained earnings Total liabilities and stockholders'equity 23,200.00 19,880.00 99,000.00 279,800.00 153,000.00 418,000.00 1,303,610.00 $2,363,960.00 18 1,200,660.00 $2,057,080.00 equity $4,563,960.00 $2,057,080.00 Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: A. The investments were sold for $280,680 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 $199,210 credit to Retained Earnings for net income. F. There was a $96,260 debit to Retained Earnings for cash dividends declared. Instructions Statement of Cash Flows Livers Inc. Statement of Cash Flows (Label) 1 Cash flows from operating activities: 2 3 Adjustments to reconcile net income to net cash flow from operating activities: 4 5 5 Changes in current operating assets and liabilities: 7 8 9 Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Statement of Cash Flows 13 Cash flows from investing activities: 14 15 16 17 18 19 Cash flows from financing activities: 20 21 22 23 24 Cash at the beginning of the year 25 Cash at the end of the year