Statement of Cash Flows--Indirect Method The comparative balance sheet of Livers Inc. for December 31, 2073 and 2012, is shown as follows: Dec. 31, 20Y3 Dec 31, 20Y2 Assets Cash $265,870 $245,610 Accounts receivable (net) 96,310 88,210 Inventories 271,890 261,180 Investments 101,180 Land 139,450 0 Equipment 299,980 230,910 Accumulated depreciation-equipment (70,230) (62,270) Total assets $1,003,270 $864,820 0 $170,370 $181,590 18,060 22,490 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $10 par Paid-in capital: Excess of issue price over par-common stock 10,030 7,780 54,180 42,380 203,660 117,620 Check My Work 2 more Check My Work uses remaining BOOK Show Me How Print Item Paid-in capital: Excess of issue price over par-common stock 203,660 117,620 Retained earnings 535,750 504,180 Total liabilities and stockholders' equity $1,003,270 $864,820 Additional data obtained from an examination of the accounts in the ledger for 2093 are as follows: a. The investments were sold for $118,380 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 $72,220 credit to Retained Earnings for net income. f. There was a $40,650 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. Uvers Inc Statement of Cash Flows For the Year Ended December 31, 2073 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities Changes in current operating assets and liabilities: Next Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from investing activities: 1 100 100 g Net cash flow used for investing activities Cash flows from financing activities: Net cash flow from financing activities Ovo Cash at the beginning of the year Cash at the end of the year Check My Work 2 more Check My Work uses remaining g 83F Sun