The comparative balance sheet of Juras Equipment Co. for December 31, 2013 and 2012, is as follows:

The following additional information was taken from the records of Juras Equipment:
a. Equipment and land were acquired for cash.
b. There were no disposals of equipment during the year.
c. The investments were sold for $129,600 cash.
d. The common stock was issued for cash.
e. There was a $228,960 credit to Retained Earnings for net income.
f. There was a $144,000 debit to Retained Earnings for cash dividends declared.
Instructions
Prepare a statement of cash flows, using the indirect method of presenting cash flows from operatingactivities.

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Dec. 31, 2013 Dec. 31, 2012 Assets 67,680 265,680 409,200 144,000 0 505,440 (119040) $1,272,960 Accounts receivable (net). Inventories $99,840 292,560 421,440 Land._. Equipment... . 417,600 619,200 (139.920) 1,710,720 Liabilities and Stockholders'Equity 290,400 43,200 36,000 162,000 594,000 585,120 $1,710,720 274,080 37,920 28,800 144,000 288,000 500,160 $1,272960 Paid-in capital in excess of par-common stock