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Statement of cash flows-Indirect method Labels and Amount Descriptions Statement of Cash Flows 1/ Instructions The comparative balance sheet of Livers Inc. for and 20Y2, is shown as to Dec. 31, 20Y3 Dec 31, 2012 13 Accounts receivable (net) Inventories Investments 5155,000.00 450,000.00 770,000.00 0.00 500,000.00 1,400,000.00 (600,000.00 $2,675,000.00 $150,000.00 400,000.00 750,000.00 1 00,000.00 0.00 1,200,000.00 (500,000.00) 52,100,000.00 7 Land Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity 10 Labels and Amount Descriptions Statement of Cash Flows Instructions Additional data obtained from an examination of the accounts in the ledger for 2093 are as follows a. The investments were sold for $175,000 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 $500,000 credit to Retained Earnings for net income. f. There was a $90,000 debit to Retained Earnings for cash dividends declared. Statement of cash flows-Indirect method Labels and Amount Descriptions Statement of Cash Flows 1/ Instructions The comparative balance sheet of Livers Inc. for and 20Y2, is shown as to Dec. 31, 20Y3 Dec 31, 2012 13 Accounts receivable (net) Inventories Investments 5155,000.00 450,000.00 770,000.00 0.00 500,000.00 1,400,000.00 (600,000.00 $2,675,000.00 $150,000.00 400,000.00 750,000.00 1 00,000.00 0.00 1,200,000.00 (500,000.00) 52,100,000.00 7 Land Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity 10 Labels and Amount Descriptions Statement of Cash Flows Instructions Additional data obtained from an examination of the accounts in the ledger for 2093 are as follows a. The investments were sold for $175,000 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 $500,000 credit to Retained Earnings for net income. f. There was a $90,000 debit to Retained Earnings for cash dividends declared