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Net cash flow from operating activities, $490,000 PR 16-1A Statement of cash flows-indirect method O . 2 The comparative Ixalance sheet of Navaria Inc. for
Net cash flow from operating activities, $490,000 PR 16-1A Statement of cash flows-indirect method O . 2 The comparative Ixalance sheet of Navaria Inc. for December 31, 20Y3 and 20Y2. is shown as follows: Dec 31, 2013 Dec. 31, 2012 $ 150,000 400.000 750,000 100,000 155,000 450,000 770,000 0 500,000 1.400,000 (600.000) $2,675,000 1.200,000 (500,000) $2,100,000 Cash... Accounts receivable Inet Inventories.... Investments Land Equipment..... Accumulated depreciation--equipment Total assets Liabilities and Stockholders' Equity Accounts payable.... Accrued expenses payable... Dividends payable..... Common stock, 54 par............ Paid-in capital: Excess of issue price over par-common stock... Retained earnings Total liabilities and stockholders' equity.... $ 340,000 45.000 30.000 700.000 200.000 1,360,000 $2,675,000 $ 300,000 50,000 25,000 600,000 175,000 950.000 $2,100,000 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. 1. There was a $90,000 debit to Retained Earnings for cash dividendis declared. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities
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