Instructions The comparative balance sheet of Iglesias Inc. for December 31, 20Y3 and 2042, is shown as follows: Dec 31, 2015 Dec 31, 2012 Assets Cash 5625,650.00 $586,340.00 228.170.00 208 030.00 Accounts receivable (net) Theories 641/48000 617,130.00 Investments 000 240,290.00 Land 528.170.00 0.00 Instructions 552,300.00 706,070.00 (16558000) $2.565.960.00 (14701000) $2.057,080.00 11 Equipment Accumulated depreciation equipment Tout Liabilities and Stockholders Equity Accounts payable And expenses payable Dividends payable Common stock et tulid in capitol verar 5464860.00 5424 300.00 41850.00 52.880.00 220000 19830.00 155.000.00 99.000.00 418.000.00 2798000 1.50361000 1200 660.00 Instructions 18 Total liabilities and stockholders' equity $2,363,960.00 $2,057080.00 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. 1. There was a $96,260 debit to Retained Earnings for cash dividends declared e. There was a $199,210 credit to Retained Earnings for niet income. 1. There was a $96,260 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the Indirect method of presenting cash flows from used operatina acovies. Be sure to complete the heading of the statement. Refer to the Labels and Amount Descriptions dist provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow for each section, it required. COSTCW istructions X Labels and Amount Descriptions Labels December 31, 20Y3 For the Year Ended December 31, 20Y3 Amount Descriptions d. Cash received from sale of investments Cash paid for purchase of land Eshte Cash paid for purchase of equipment Cash received from issuing common stock st prov a nerd Cash dividends Decrease in accounts payable Decrease in accounts receivable Instructions X Labels and Amount Descriptions Decrease in accrued expenses payable Decrease in inventories Depreciation Gain on sale of investments Increase in accounts payable d. Increase in accounts receivable Increase in accrued expenses payable ash flows Increase in inventories st provide Loss on sale of investments a net cas/ Net increase in cash Net decrease in cash Net cash flows from operating activities Net cash flows used for operating activities Net cash flows from investing activities Net cash flows used for investing activities Net cash flows from financing activities Net cash flows used for financing activities Net income
