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

2 18 3 Cash 4 Accounts receivable (net) 5 Inventories 6 Investments 7 Land 8 Equipment 9 Accumulated depreciation-equipment Total assets 10 11 Assets 18 Liabilities and Stockholders' Equity 12 Accounts payable 13 Accrued expenses payable 14 Dividends payable 15 Common stock, $4 par 16 Excess of paid-in capital over par 17 Retained earnings Total liabilities and stockholders' equity Dec. 31, 2013 $186,000.00 540,000.00 924,000.00 0.00 Dec. 31, 2012 $408,000.00 54,000.00 36,000.00 840,000.00 240,000.00 1,632,000.00 $3,210,000.00 $180,000.00 480,000.00 900,000.00 120,000.00 600,000.00 1,680,000.00 1,440,000.00 (720,000.00) (600,000.00) $3,210,000.00 $2,520,000.00 0.00 $360,000.00 60,000.00 30,000.00 720,000.00 210,000.00 1,140,000.00 $2,520,000.00 Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: a. The investments were sold for $210,000 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 $600,000 credit to Retained Earnings for net income. 1. There was a $108,000 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Be sure to complete the heading of the statement. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow for each section, if required