The comparative balance sheet of Iglesias Inc. for December 31,20Y3 and 20Y2, is shown as follows: Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: a. The investments were sold for $279,890 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: a. The investments were sold for $279,890 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 $206,210 credit to Retained Earnings for net income. f. There was a $95,680 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. Labels and Amount Descriptions Labels December 31, 20Y3 For the Year Ended December 31, 20Y3 Amount Descriptions Cash received from sale of investments Cash paid for purchase of land Cash paid for purchase of equipment Cash received from issuing common stock Cash dividends Decrease in accounts payable Decrease in accounts receivable Labels and Amount Descriptions Decrease in accrued expenses payable Decrease in inventories Depreciation Gain on sale of investments Increase in accounts payable Increase in accounts receivable Increase in accrued expenses payable Increase in inventories Loss on sale of investments Net increase in cash Net decrease in cash Net cash flows from oberatina activities Labels and Amount Descriptions Loss on sale of investments Net increase in cash Net decrease in cash Net cash flows from operating activities Net cash flows used for operating activities Net cash flows from investing activities Net cash flows used for investing activities Net cash flows from financing activities Net cash flows used for financing activities Net income 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. Labels and Amount Descriptions Statement of Cash Flows Adjustments to reconcile net income to net cash flows from operating activities: 5 6 Changes in current operating assets and liabilities: 7 8 9 10 11 12 Cash flows from (used for) investing activities: 13 Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Be sure to Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities Statement of Cash Flows 15 16 17 Cash flows from (used for) financing activities: 18 19 20 21 22 Cash balance, January 1, 20Y3 23 Cash balance, December 31, 20Y3