The comparative balance sheet of Navaria Inc. for December 31,20Y3 and 20Y2, is as follows: The income statement for the year ended December 31, 20Y3, is as follows: Additional data obtained trom an examination of the accounts in the ledger for 20Y3 are as follows: A. The investmers were sold for $175,000 cash. A. 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 $90,000 debit to Retained Earnings for cash dividends declared. Prepare in statament of cash Hows, using the direct method of presenting cash llows trom oseratiog activitios. Be sure to camplete the heading of the statement Reter to the Labels and Amount Descriptions list provided for the exact wording of the pinswer cholces for fert enties, Use the minus sign to indicate cash out fows, cash payments, docreases in cast or any negative adfustments. Cash flam tion operating activities 1 1 4 1 Cash fows frim josed forf irvesting artivitief? 1 is 11 11 14. Conh flows from (used for financing activities: 1) I8 th Statement of cash flows-direct method applied to PR 16-1A Issuance of common stock for acquisition of land Issuance of common stock for purchase of equipment Loss on sale of investments Net cash flow from financing activities Net cash flow from investing activities Net cash flow from operating activities Net cash flow used for financing activities Net cash flow used for investing activities Net cash flow used for operating activities