Statement of Cash FlowsIndirect Method

The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows:

		Dec. 31, 20Y3		Dec. 31, 20Y2
Assets
Cash		$232,000		$215,070
Accounts receivable (net)		84,050		77,240
Inventories		237,240		228,700
Investments		0		88,600
Land		121,690		0
Equipment		261,770		202,190
Accumulated depreciationequipment		(61,280)		(54,520)
	Total assets	$875,470		$757,280
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$158,460		$149,180
Accrued expenses payable (operating expenses)		15,760		19,690
Dividends payable		8,750		6,820
Common stock, $10 par		47,280		37,110
Paid-in capital: Excess of issue price over par-common stock		177,720		102,990
Retained earnings		467,500		441,490
	Total liabilities and stockholders equity	$875,470		$757,280

Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows:

1. The investments were sold for $103,660 cash.
2. Equipment and land were acquired for cash.
3. There were no disposals of equipment during the year.
4. The common stock was issued for cash.
5. There was a $61,600 credit to Retained Earnings for net income.
6. There was a $35,590 debit to Retained Earnings for cash dividends declared.

Required:

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.

Livers Inc.
Statement of Cash Flows
For the Year Ended December 31, 20Y3
Cash flows from operating activities:
	$fill in the blank 2
Adjustments to reconcile net income to net cash flow from operating activities:
	fill in the blank 4
	fill in the blank 6
Changes in current operating assets and liabilities:
	fill in the blank 8
	fill in the blank 10
	fill in the blank 12
	fill in the blank 14
Net cash flow from operating activities		$fill in the blank 15
Cash flows from investing activities:
	$fill in the blank 17
	fill in the blank 19
	fill in the blank 21
Net cash flow used for investing activities		fill in the blank 22
Cash flows from financing activities:
	$fill in the blank 24
	fill in the blank 26
Net cash flow from financing activities		fill in the blank 27
		$fill in the blank 29
Cash at the beginning of the year		fill in the blank 30
Cash at the end of the year		$fill in the blank 31