Instructions 1 Dec 31, 2013 Dec 31, 2012 Assets $155,000.00 $150.000 + Accounts receivable et 40000000 450,000.00 770,000.00 Inventories 750.000.00 100.000.00 Investments 0.00 SODO00.00 T Land 0.00 Equipment Accumulated depredation equipment 1,400,000.00 (600,000.00 $2,675.000.00 1,200.000.00 1500.000,00 $2,100,000.00 13 Total assets $540,000.00 $300 000.00 11 Liabilities and Stockholders'Equity 12 Accounts payable merchandise creditors 1s Accrued expenses payable operating expenses 1 Dividends payable 45,000.00 30,000.00 700,000.00 50.000.00 25 000.00 is common stock, Spar 1 Paid-in capital in excess of par-common stock 600 000.00 175 000.00 200,000.00 17 Retained eamings 11 Total liabilities and stockholders'equity 1.360,000.00 $2675,000.00 950,000.00 $2,100 000.00 Additional data obtained from an examination of the accounts in the leder for 2073 are as followe: n. The Investments were sold for $175,000 cash b. Equipment and land were acquired for cash C. There were no disposals of equinment during the year. d. The common stock was issued for cash. 6. There was a $500,000 credit to Retained Eamings for not income. 1. There was a 590,000 dobit to Retained Earnings for cash didenda declared. Prepare a statement of cash Nows, using the Indirect method of presenting cash flows from operating a wnies. Rotor to the Labets and Amount Descriptions Ast provided for the exact wording of me answer chalces for text entries. Be sure to complete the heading of the statement Enter amounts mar represent cash currows as negative numbers using a mission Labels and Amount Descriptions Labels and Amount Descriptions Cash paid for dividends Cash paid for merchandise Cash paid for purchase of equipment Cash paid for purchase of land Cash received from customers Cash received from sale of common stock Cash received from sale of investments December 31, 2043 Decrease in accounts payable Decrease in accounts receivable Decrease in accrued expenses payable Decrease in inventories Depreciation For the Year Ended December 31, 2013 Gain on sale of investments Increase in accounts payable Increase in accounts receivable Increase in accrued expenses payable Increase in cash Increase in inventories Loss on sale of investments Net cash flow from operating activities Net cash flow used for operating activities Net cash flow from investing activities Net cash flow used for investing activities Net cash flow from financing activities Net cash flow used for financing activities Net decrease in cash Net income Net Increase in cash Netlog Statement of Cash Flows Prepare a statemere cash lows, using the increct metod of presenting wash Auns from corrostilos Perler to the Labels and Amount Descriptions list provided for instant wording of the war choices for dexterries. Be sure to complete the leading of the statement. Erster amounts that represent cash curiows 88 negative wwwing a mine sig Livers Inc Statement of Cash Flows (Label) Cashflows from used for operating activities 1 Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assess and abities: 12 12 15 cash flows from used for investing activities: 1 15 Cash flows from used for financing activities: 3) 31 # Cash balance, anuary 1, 2013 35 Cach balante, December 31, 2013