the comparative balance sheet of Navaria Inc. from dec 31, 20Y3 and 20Y2, is shown as follow:

Dec 31, 2013 Dec 31, 2012 2 Assets 1 Cash $625,650.00 $586,340.00 Accounts receivable (net) 228,170.00 208.030,00 5 Inventories 641.480.00 617,130.00 investments 0.00 240,290.00 Land 328,170.00 0.00 Equipment Accumulated depreciation equipment 552,300.00 706.070.00 4165 58000) (147,010.00) Total assets $2,363,960.00 52,057080.00 Liabilities and Stockholders'Equity 11. Accounts payable 542830000 $404 860.00 Accrued expenses payable 41,850.00 5288000 14 Dividend payable 25,200.00 19.880.00 Common stocks par 155.000.00 99,000.00 din capital. Ektesso te over a common stock 415,000.00 229,800.00 Recained amning 30000 for at 12200560 5205708000 SA365.960.00 Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: A. The investments were sold for $280,680 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 $199,210 credit to Retained Earnings for net income. F. There was a $96,260 debit to Retained Earnings for cash dividends declared. Navaria Inc. Statement of Cash Flows (Label) 1 Cash flows from operating activities: 2 Adjustments to reconcile net income to net cash flow from operating activities: 5 I Changes in current operating assets and liabilities 1 3 10 11 Cash flow from used to investing activities 14 11 16 I TH 19 Cash flows from (used for) financing activities: 20 21 25 34 Cash at the beginning of the year 25 Cash at the end of the year