Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $10 par Paid-in capital: Excess of issue price over par-common stock Retained earnings $208,300 $197,470 26,060 9,020 49,120 233,620 136,320 614,540584,390 $1,150,840 $1,002,380 20,720 11,510 62,150 Total liabilities and stockholders' equity Additional data obtained from an examination of the accounts in the ledger for 2013 are as follows a. The investments were sold for $137,220 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 $77,260 credit to Retained Earnings for net income. f. There was a $47,110 debit to Retained Earnings for cash dividends declared Required Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities, Use the minus sign to indicate cash out flows, cash payments decreases in cash, or any negative adjustments. Lvers Inc Statement of Cash Flows Cash flows from operating activities Net income eBook Show Me How Calculator Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Gain on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Y Increase in accounts payable Decrease in accrued expenses payable Net cash flow from operating activities Cash flows from investing activities: Cash received from sale of investments Cash paid for purchase of land Cash paid for purchase of equipment Net cash flow used for investing activities Cash flows from financing activities: Cash received from sale of common stock Cash paid for dividends Net cash flow from financing activities in accounts receivable Increase in inventories Increase in accounts payable Decrease in accrued expenses payable Net cash flow from operating activities Cash flows from investing activities: Cash received from sale of investments Cash paid for purchase of land Cash paid for purchase of equipment Net cash flow used for investing activities Cash flows from financing activities: Cash received from sale of common stock V Cash paid for dividends Net cash flow from financing activities Change in cash Cash at the beginning of the year Cash at the end of the year Check My Work do these increases or de Compute the increases and decreases in the current asset/liability accounts over the period. How