Cash Flows 807 PR 16-1A Statement of cash flows OBJ. 2,3,4,5 rom The comparative balance sheet of Iglesias Inc. for December 31, 20Y3 and 20Y2, is shown es, as follows: Investments... Land... Assets Cash... Accounts receivable (net). Inventories... Dec. 31, 2013 Dec. 31, 2012 $ 186,000 $ 180,000 540,000 924,000 480,000 900,000 0 120,000 Equipment.. 600,000 0 Total assets.. Accumulated depreciation-equipment... 1,680,000 1,440,000 (720,000) $3,210,000 (600,000) $2,520,000 Liabilities and Stockholders' Equity Accounts payable.. $ 408,000 $ 360,000 Accrued expenses payable.. 54,000 60,000 Dividends payable.. 36,000 30,000 Common stock, $4 par.. 840,000 720,000 Paid-in capital in excess of par... 240,000 210,000 Retained earnings... 1,632,000 1,140,000 Total liabilities and stockholders' equity.. $3,210,000 $2,520,000 Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: a. The investments were sold for $210,000 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 $600,000 credit to Retained Earnings for net income. f. There was a $108,000 debit to Retained Earnings for cash dividends declared. Instructions 1950 Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. PR 16-2A Statement of cash flows OBJ. 2, 3, 4, 5 The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Assets Dec. 31, 2018 ACCOUNT $ 151,000 22.000 Dec. 31, 20Y7 $ 190,000 569,000