Statement of Cash Flows-Direct Method applied to PR 16-1A The comparative balance sheet of Navaria Inc. for December 31,20Y3 and 20Y2, is as follows: The income statement for the year ended December 31,20Y3, is as follows: Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: a. The investments were sold for $84,280 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. Additional data obtained from an examination of the accounts in the ledger for 203 are as follows: a. The investments were sold for $84,280 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 $29,000 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the direct method of presenting cash flows from (used for) operating activities. Use the minus sign outfiows, cash payments, decreases in cash, or any negative adjustments. For the Year Ended December 31, 20 Y3 Cash flows from (used for) operating activities: Net cash flows from operating activities Cash flows from (used for) investing activities: Net cash flows used for investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities Cash balance, January 1,20Y3 Cash balance, December 31,20Y3