The comparative balance sheet of Livers Inc. for December 31,20Y3 and 20Y2, is shown as follows: \begin{tabular}{|r|l|r|r|} \hline & & \multicolumn{1}{|c|}{ Dec 31,20Y3} & \multicolumn{1}{|c|}{ Dec. 31,20r2} \\ \hline 2 & \multicolumn{1}{|c|}{ Assets } & \\ \hline 3 & Cash & $155,000.00 & $150,000.00 \\ \hline 4 & Accounts receivable (net) & 450,000.00 & 400,000.00 \\ \hline 5 & Inventories & 770,000.00 & 750,000.00 \\ \hline 6 & Investments & 0.00 & 100,000.00 \\ \hline 7 & Land & 500,000.00 & 0.00 \\ \hline 8 & Equipment & 1,400,000.00 & 1,200,000.00 \\ \hline 9 & Accumulated depreciation-equipment & (600,000.00) & (500,000.00) \\ \hline 10 & Total assets & $2,675,000.00 & $2,100,000.00 \\ \hline 11 & & & \\ \hline 12 & Accounts payable (merchandise creditors) & $340,000.00 & $300,000.00 \\ \hline 13 & Accrued expenses payable (operating expenses) & 45,000.00 & 50,000.00 \\ \hline 14 & Dividends payable & 30,000.00 & 25,000.00 \\ \hline 15 & Common stock, $4 par & 700,000.00 & 600,000.00 \\ \hline 16 & Paid-in capital in excess of par-common stock & 200,000.00 & 175,000.00 \\ \hline 17 & Retained earnings & 1,360,000.00 & 950,000.00 \\ \hline 18 & Total liabilities and stockholders' equity & $2,675,000.00 & $2,100,000.00 \\ \hline & & & \\ \hline \hline \end{tabular} Additional data obtained from an examination of the accounts in the ledger for 20Y3 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. f. There was a $90,000 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. Enter amounts that represent cash outflows as negative numbers using a minus sign