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

1		Dec. 31, 20Y3	Dec. 31, 20Y2
2	Assets
3	Cash	$625,680.00	$586,230.00
4	Accounts receivable (net)	228,100.00	208,850.00
5	Inventories	640,910.00	617,650.00
6	Investments	0.00	240,620.00
7	Land	328,090.00	0.00
8	Equipment	704,540.00	553,320.00
9	Accumulated depreciation-equipment	(166,310.00)	(147,840.00)
10	Total assets	$2,361,010.00	$2,058,830.00
11	Liabilities and Stockholders Equity
12	Accounts payable (merchandise creditors)	$425,280.00	$404,550.00
13	Accrued expenses payable (operating expenses)	41,990.00	52,020.00
14	Dividends payable	24,190.00	20,170.00
15	Common stock, $4 par	142,000.00	106,000.00
16	Paid-in capital: Excess of issue price over parcommon stock	416,700.00	279,900.00
17	Retained earnings	1,310,850.00	1,196,190.00
18	Total liabilities and stockholders equity	$2,361,010.00	$2,058,830.00

Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows:

A.	The investments were sold for $279,190 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 $211,240 credit to Retained Earnings for net income.
F.	There was a $96,580 debit to Retained Earnings for cash dividends declared.

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.

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

Cash received from sale of common stock

Cash received from sale of investments

Change in cash

December 31, 20Y3

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

Increase in accounts payable

Increase in accounts receivable

Increase in accrued expenses payable

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

Net loss