The comparative balance sheet of Livers Inc. for December 31, 2013 and 20Y2, is shown as follows: Dec 31, 2013 Dec 31, 2012 7 Assets Cash $255,000.00 $150,000.00 Accounts receivable net 400,000.00 450,000.00 570,000.00 Inventories 750.000.00 Investitients 0.00 100,000.00 Land 500.000.00 0.00 Instruction Labels and Amount Descriptions Statement of Cash Flows Instructions Equipment Accumulated depreciation equipment 1,400,000.00 (600,000.00) $2,675,000.00 1,200,000.00 (500,000.00) $2,100,000.00 10 Total assets 11 Liabilities and Stockholders' Equity $340,000.00 13 Accounts payable (merchandise creditors) 1 Accrued expenses payable (operating expenses) $300,000.00 50,000.00 45,000.00 14 Dividends payable 30,000.00 25.000,00 700.000,00 600,000.00 15 Common stock, 54 par 16 Paid.in capitals Excess of issue price over par-common stock 200,000.00 175,000.00 11 Retained earnings 1,360,000.00 950,000.00 Instructions 1,360,000.00 950,000.00 17 Retained earnings Total Liabilities and stockholders' equity 10 $2,675,000.00 $2,100,000.00 Additional data obtained from an examination of the accounts in the ledger for 2013 are as follows: a. The investments were sold for $175,000 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 $500,000 credit to Retained Earnings for net income. Label and Aunt Description mental Cash Flow Instructions Anton move account in me on 2013 was The investments were sold for $175,000 b Eement and land were acquced for cash There were no postquament during the year The common stock was issued for cash There was a 500.000 credit to retained as one come There was a 500.000 debt to Retared aming for cash didende declared Pacement of cash flow in the directed opening hos Relwethebes ad Aur Destinat provided for the act wording of choice sure to complete the heading the mentre amounts that those DLOUCA Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Ad Labels and Amount Descriptions 3 are as follows: Labels and Amount Descriptions Cash paid for dividends Cash paid for merchandise Cash paid for purchase of equipment Cash paid for purchase of land Cash received from customers ed Cash received from sale of common stock Pril Cash received from sale of investments Change in cash December 31, 20Y3 bws from operating activities. Refer to the Labels and outflows as negative numbers using a minus sign SU Decrease in accounts payable 3 are as Instructions Ad Labels and Amount Descriptions Decrease in accounts payable Decrease in accounts receivable Decrease in accrued expenses payable Decrease in inventories Depreciation For the Year Ended December 31, 20Y3 Gain on sale of investments ed. bws fror PA Increase in accounts payable Increase in accounts receivable Increase in accrued expenses payable Increase in cash outfion sul Increase in inventories Check My Work Instructions Ad Labels and Amount Descriptions x 13 are as follows: I CASES Increase in inventories Loss on sale of investments Net cash flow from operating activities Net cash flow used for operating activities Net cash flow from investing activities Net cash flow used for investing activities Net cash flow from financing activities Net cash flow used for financing activities Net income ed. PA ows from operating activities. Refer outflows as negative numbers usin su Net loss