Matement of Cash Flows Series A 0812 13 and 2042, is shown PR 16-1A Statement of cash flows-indirect method The comparative balance sheet of Navaria Inc. for December 31, 2013 and 20 Dec 31, 2013 Dec. 31,2072 as follows: 100,000 600,000 Assets $ 155,000 $ 150,000 Cash .... 450,000 400.000 Accounts receivable (net). 770,000 750,000 Inventories .... Investments ... 500,000 Land ...... 1,400,000 1,200,000 Equipment..... (600,000) (500,000 Accumulated depreciation-equipment ......... $2,675,000 $2,100,000 Total assets.... Liabilities and Stockholders' Equity ......... $ 340,000 $ 300,000 Accounts payable 45,000 50,000 Accrued expenses payable................. 30,000 25.000 Dividends payable.............. 700,000 Common stock, $4 par........... 200,000 175.000 Paid-in capital: Excess of issue price over par-common stock...... 1,360,000 950,000 Retained earnings...... $2,675,000 $2,100,000 Total liabilities and stockholders'equity........... Additional data obtained from an examination of the accounts in the ledger for 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 de Instructions Prepare a statement of cash flows, using the indirect method of presen from operating activities. ividends declared. Presenting cash flows ORAZ