The comparative balance sheet of Iglesias Inc. for December 31, 20Y3 and 20Y2, is shown from Fes, OBJ. 2,3,4,5 PR 16-1A Statement of cash flows as follows Assets Dec 31, 2013 Dec. 31, 2012 Cash.... Accounts receivable (net). Inventories.. Investments. Land. Equipment... Accumulated depreciation-equipment Total assets.... Liabilities and Stockholders' Equity Accounts payable..... Accrued expenses payable. Dividends payable... Common stock, $4 par... Paid-in capital in excess of par. Retained earnings... Total liabilities and stockholders' equity.. $ 186,000 540,000 924,000 0 600,000 1,680,000 (720,000) $3,210,000 $ 180,000 480,000 900,000 120,000 0 1.440,000 (600,000) $2,520,000 $ 408,000 $360,000 S4,000 60,000 36,000 30,000 B40,000 720,000 240,000 210,000 1,632,000 1,140,000 $3,210,000 $2,520,000 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. f. There was a $108,000 debit to Retained Earnings for cash dividends declared. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. ORI.2.3.4.5