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The comparative balance sheet of Livers Inc. for December 3 1 , 2 0 Y 3 and 2 0 Y 2 , is shown as
The comparative balance sheet of Livers Inc. for December Y and Y is shown as follows:
Dec. Y
Dec. Y
Assets
Cash
$
$
Accounts receivable net
Inventories
Investments
Land
Equipment
Accumulated depreciationequipment
Total assets
$
$
Liabilities and Stockholders Equity
Accounts payable merchandise creditors
$
$
Accrued expenses payable operating expenses
Dividends payable
Common stock, $ par
Paidin capital in excess of parcommon stock
Retained earnings
Total liabilities and stockholders equity
$
$
Additional data obtained from an examination of the accounts in the ledger for Y are as follows:
a The investments were sold for $ 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 $ credit to Retained Earnings for net income.
f There was a $ 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.
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