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Statement of cash flows-direct method applied to PR 13-1A Statement of Cash Flows The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is as follows: Dec. 31, 20Y3 Dec. 31, 20Y2 Assets 3 :: Cash 5 626,170.00$585,760.00 227.840.00208.880.00 641390.00616.790.00 0.00240,820.00 0.00 Accounts receivabl (net) Investments 7Land 8 Equipment 9 Accumulated depreciation-equipment o Total assets 327,38000 704290.00 54,020,00t 116760.004.930.00) 2359.91000$2057,340. Liabilities and Stockholders' Equity 12 Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) 14 Dividends payable 15 Common stock $2 par 16 Paid-in capital: Excess of issue price over par-common stock 17 Retained earnings 424670.00$404,080.00 52,050.00 19,300.00 50,000.00100,000.00 280,000.00 99,740.001201910.00 2,359,910.00 $2.057.340.00 3.080.00 24,92000 417.500.00 lbilities and stockholders' equity The income statement for the year ended December 31, 20Y3, is as follows Sales 2Cost of goods sold s Gross profit 5,367,766.00 5,306.180.00 2.061.586.00 Operating experses: sDepreciation expense $18,230.00 18,230.00 0ther operating expenses 1,755,888.00 7Total operating expenses 1.774,118.00 Operating income , other income: 10 Gain on sale of investments 11 Income before income tax 12 Income tax expense 13 Net income 287.468.00 39,07000 326,538.00 133,028.00 193,510.00 Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows a The investments were sold for $279,890 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 $95,680 debit to Retained Earnings for cash dividends deciared Labels and Amount Descriptions Cash paid for dividends Cash paid for purchase of equipment Cash paid for purchase of land Cash paid for purchase of treasury stock Cash payments for income taxes Cash payments for merchandise Cash payments for operating expenses Cash received from customers Cash received from sale of common stock Cash received from sale of investments Change in cash December 31, 20Y3 Depreciation For the Year Ended December 31 20Y3 Gain on sale of investments 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 Change in cash December 31, 20Y3 Depreciation For the Year Ended December 31, 20Y3 Gain on sale of investments Issuance of common stock for acquisition of land Issuance of common stock for purchase of equipment Loss on sale of investments Net cash fow 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 Statement of Cash Flows sure to complete the heading of tne sta Prepare a statement of cesn fows, using the direct metriod ofaresenting cash tonrs oom paahino acthiunes Be s warding ot the answer choices for rext entres Enter smounts trat represent cash outflows as negstive numbers using a minus sign Prepare a statemend of cash flows, using the direct method of presenting ist provided for the exact wording of the answer choices for text entries. Enter amounts that represent cash outflows as negative numbers using a minus sign Be sure to complete the heading of the statement. Refer to the Labels and Amount Descript Livers Inc Statement of Cash Flows (Label) cash flov 5 from operating activities: s Cash flows from investing activiies 9 Cash flows from investing activities: 10 13 4 Cash flows from financing activities: 15 16 Cash at the beginning ofthe year 20 Cash at the end of the year lp

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