Statement of cash flows-indirect method Instructions The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows: Dec. 31,203 Dec. 31, 20Y2 Assets 625,080.00 $586,430.00 209,470.00 616,400.00 Cash Accounts receivable (net) 228,260.00 5 Inventories 41,070.00 000 240,170.00 6Investments Land 8 Equipment 9 Accumulated depreciation-equipment o Total assets 0.00 552,830.00 165,670.00) (148,610.00) 2,361380.00 $2,056,690.00 27,640.00 705,000.00 Liabilities and Stockholders Equity Check My Work 5 more Check My Work uses remaining gnment Score: 0.0% Save and Exit Submit Assignment f All work saved tructions Liabilities and Stockholders Equity 12Accounts payable (merchandise creditors) 15Accrued expenses payable (operating expenses) 14 Dividends payable 1s Common stock, $4 par 16 Paid-in capital: Excess of issue price over par-common stock 425,090.00 $405,900.00 43,14000 23,780.00 47,000.00 17,200.00 52,460.00 19,970.00 96,000.00 279,600.00 Retained earnings 305,17000 1,202760.00 2,361,380.00 $2,056,690.00 Total liabilities and stockholder' equity Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: A. The investments were sold for $280,150 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. eck My Work 5 more Check My Work uses remaining nent Score: 0.0% Al work saved. Save and Exit Submit Assignment for Save and Exit Submit Assignment for Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: A. The investments were sold for $280,150 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 $197,450 credit to Retained Earnings for net income. F. There was a $95,040 debit to Retained Earnings for cash dividends declared. Prepare a statement of cash flows, using the indirect method of presenting cash flows from gperating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments Check My Work 5 more Check My Work uses remaining signment Score: 0.0% Save and Exit Submit Assignment for Grading All work saved. FI F2 F3 000 FA F5 Instructions Labels and Amount Descriptions Cash paid for dividends Cash paid for merchandise Cash paid for purchase of equipment Cash paid for purchase of land Cash received from customers Cash received from sale of commch stock Cash received from sale of investments Change in cash December 31, 20Y3 Decrease in accounts payable Decrease in accounts receivable Decrease in accrued expenses payable Decrease in inventories Depreciation For the Year Ended December 31, 20Y3 Gain on sale of investments and 20 Dec 70 (165 $2,361 Increase in accounts payable Check My Work 5 more Chock My Work uses remaining 5 more Check My Work uses remaining. Assignment Score: 0.0% All work saved. Save an Instructions Instructions Labels and Amount Descriptions and 20Y2, is sho For the Year Ended December 31, 20Y3 Gain on sale of investments Increase in accounts payable ncrease in accounts receivable Dec. 31, 20Y3 Increase in accrued expenses paygble Increase in inventories Loss on sale of investments Net cash flow from operating activities Net cash flow used for operating activities Net cash flow from investing activities Net cash flow used for investing activities Net cash flow from financing activities Net cash flow used for financing activities Net income Net loss $625,080.00 28,260.00 641,070.00 0.00 27,640.00 705,000.00 (165,670.00) $2,361,380.00 Check My Work 5 more Check My Work uses remaining. Assignment Score: 0.0% All work saved. Save and Exit 13 HW 3 Statement of cash flows-indirect method Statement of Cash Flows Livers Inc Statement of Cash Flows Label) 1Cash flows from operating activities: Adjustments to reconcile net income to net cash fow from operating activities: Changes in current operating assets and liabilities 10 Check My Work 5 more Check My Work uses remaining ignment Score: 0.0% Save and Exit Submit Assignment for Grading h 13 HW 3 Statement of cash flows-indirect method Statement of Cash Flows 12 Cash flows from investing activities: 25 16 18 Cash flows from financing activities 20 25 24 Cash at the beginning of the year sCash at the end of the year Check My Work 5 more Check My Work uses remaining Assignment Score: 0.0% All work saved Save and Exit Submit Assignment for Grading FI F2 OF3