The comparative balance sheet of Livers 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 $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. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Labels and Amount Descriptions Labels Cash flows from (used for) operating activities Cash flows from (used for) investing activities Cash flows from (used for) financing activities December 31,20Y3 For the Year Ended December 31, 20Y3 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 Cash balance, January 1, 20Y3 Cash balance, December 31,20Y3 Decrease in accounts payable Decrease in accounts receivable Decrease in accrued expenses payable Decrease in inventories Depreciation Gain on sale of investments Labels and Amount Descriptions Decrease in accounts receivable Decrease in accrued expenses payable Decrease in inventories Depreciation Gain on sale of investments Increase in accounts payable Increase in accounts recelvable Increase in accrued expenses payable Increase in cash Increase in inventories Loss on sale of investments 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 decrease in cash Net income Net increase in cash Net loss Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Statement of Cash Flows instructions Statement of Cash Flows 6 Changes in current operating assets and liabilities: 7 8 9 10 11 12 13 (Label) 14 15 16 17 18 19 (Label) 20. 21 n) 25 24 25