PR 16-1B Statement of cash flows and indirect method The comparative balance sheet of Juras Equipment Co. for December 31, 2013 and 2012, is as follows: The following additional information was taken from the records of Juras Equipment: 1. Equipment and land were acquired for cash. 2. There were no disposals of equipment during the year. 3. The investments were sold for $129,600 cash. 4. The common stock was issued for cash. 5. There was a $228,960 credit to Retained Earnings for net income. 6. There was a $144,000 debit to Retained Earnings for cash dividends declared. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities