BookShow Me HowStatement of cash flows-indirect methodInstructions Labels and Amount DescriptionsInstructions123 Cash4 Accounts receivable (net)5 Inventories6 Investments7 Land& Equipment9 Accumulated depreciation-equipment1011AssetsTotal assets18Print ItemLiabilities and Stockholders' Equity12 Accounts payable13 Accrued expenses payable14 Dividends payable15 Common stock, $4 par16 Paid-in capital: Excess of issue price over par-common stock17 Retained earningsTotal liabilities and stockholders' equityA. The investments were sold for $279,880 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.Statement of Cash Flowsstatement of auch Bru urinntDec. 31, 2013$626,640.00226,900.00641,350.000.00328,750.00705,940.00(166,970.00)$2,362,590.00$425,140.0042,020.0023,580.00154,000.00416,600.001,301,250.00$2,362,590.00E. There was a $198,010 credit to Retained Earnings for net income.F. There was a $95,680 debit to Retained Earnings for cash dividends declared.Dec. 31, 2012$585,760.00208,390.00616,130.00239,300.00Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows:0.00553,530.00(148,000.00)$2,055,110.00$404,540.0052,750.0019,500.00100,000.00279,400.001,198,920.00$2,055,110.00nenation nach for form nanention antiitinLabels and Amount DescriptionsLabels and Amount DescriptionsCash used for dividendsCash used for merchandiseCash used for purchase of equipmentCash used for purchase of landCash received from customersCash from sale of common stockCash from sale of investmentsDecember 31, 20Y3Decrease in accounts payableDecrease in accounts receivableDecrease in accrued expenses payableDecrease in inventoriesDecrease in cashDepreciationFor the Year Ended December 31, 20Y3Gain on sale of investmentsIncrease in accounts payableIncrease in accounts receivableIncrease in accrued expenses payableIncrease in cashIncrease in inventoriesLoss on sale of investmentsNet cash flow from operating activitiesNet cash flow used for operating activitiesNet cash flow from investing activitiesNet cash flow used for investing activitiesNet cash flow from financing activitiesNet cash flow used for financing activitiesNet incomeStatement of Cash Flows2345891011141513 Cash flows from (used for) investing activities:1617182021Cash flows from operating activities:19 Cash flows from (used for) financing activities:2223Adjustments to reconcile net income to net cash flow from operating activities:Changes in current operating assets and liabilities:Navaria Inc.Statement of Cash Flows(Label)24 Cash at the beginning of the year25 Cash at the end of the year

Introduction: Statement of cash flows is one of financial statement that depicts movement of cash in…

Statement of cash flows-indirect method Instructions Instructions 1 2 3 Cash 4 Accounts receivable (net) 5 Inventories 6 Investments 7 Land Labels and Amount Descriptions 11 Equipment 9 Accumulated depreciation equipment 10 Total assets Assets 128 Liabilities and Stockholders' Equity 12 Accounts payable 13 Accrued expenses payable 14 Dividends payable 15 Common stock, $4 par 16 Paid-in capital: Excess of issue price over par-common stock 17 Retained earnings Total liabilities and stockholders' equity Statement of Cash Flows A. The investments were sold for $279,880 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. Dec. 31, 2013 $626,640.00 226,900.00 641,350.00 0.00 328,730.00 705,940.00 (166,970.00) $2,362,590.00 $425,140.00 42,020.00 23,580.00 154,000.00 416,600.00 1,301,250.00 $2,362,590.00 Dec. 31, 2012 E. There was a $198,010 credit to Retained Earnings for net income. F. There was a $95,680 debit to Retained Earnings for cash dividends declared. $585,760.00 208,390.00 616,130.00 239,300.00 Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: 0.00 553,530.00 (148,000.00) $2,055,110.00 $404,540.00 52,750.00 19,500.00 100,000.00 279,400.00 1,198,920.00 $2,055,110.00 rintamat of ach Bring the indiennt mathad emeration af fem antion itine Labels and Amount Descriptions Labels and Amount Descriptions Cash used for dividends Cash used for merchandise Cash used for purchase of equipment Cash used for purchase of land Cash received from customers Cash from sale of common stock Cash from sale of investments. December 31, 20Y3 Decrease in accounts payable Decrease in accounts receivable Decrease in accrued expenses payable Decrease in inventories Decrease in cash Depreciation For the Year Ended December 31, 20Y3 Gain on sale of investments Increase in accounts payable Increase in accounts receivable Increase in accrued expenses payable Increase in cash Increase in inventories Loss on sale of investments Net cash flow from operating activities Net cash flow used for operating activities Net cash flow from investing activities Net cash flow used for investing activities Net cash flow from financing activities Net cash flow used for financing activities Net income Statement of Cash Flows 1 Cash flows from operating activities: 2 3 4 5 6 8 9 10 14 11 12 13 Cash flows from (used for) investing activities: 15 16 17 18 20 19 Cash flows from (used for) financing activities: 21 Adjustments to reconcile net income to net cash flow from operating activities: 22 Changes in current operating assets and liabilities: Navaria Inc. Statement of Cash Flows (Label) 23 24 Cash at the beginning of the year 25 Cash at the end of the year