After completing Problem 13-1A, Statement of Cash Flows - Indirect Method for Livers Inc, answer the following questions: 1. Explain how the Retained Earnings increased from $950,000 to $1,360,000. Remember that Retained Earnings = Net Income - Dividends. 2. What is the Net Cash Flow from operating activities? 3. Explain why the Net Cash Flow from operating activities is different than net income. PR.13-1A statement of Cash Flows-Indirect Method amination of the accoants in the ledger for 20Y3 are as follows: 1. The investments were sold for $175,000 cash. Gain on sale $75,000=3,75,000 procleds 5,100,000 book 2. Equipment and land were acquired for cash. There were no disposals of equipment during the year. 3. The common stock was issued for cash. 4. There was a $500,000 credit to Retained Earnings for net income. 5. There was a $90,000 debit to Retained Earnings for cash dividends declared. 9,0,0005,000=85,000