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Accounting 1A Class Notes Chapter 13 - Statement of Cash Flows he comparative balance sheet of Cromme Inc. for December 31, 2019 and 2018, is shown as follows: Additional data obtained from an examination of the accounts in the ledger for 2019 are as follows: A. The investments were sold for $280,000 cash. 3. 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 $199,540 credit to Retained Earnings for net income. . There was a $96,000 debit to Retained Earnings for cash dividends declared. Accounting 1A Class Notes Chapter 13 - Statement of Cash Flows Cromme Inc. Statement of Cash Flows Cash flows from operating activities: Identify the type of cash flow activity for each of the following events (operating, investing, or financing). The company determines net cash flow from operating activities by the indirect method: a. Net income b. Paid cash dividends c. Issued common stock d. Issued bonds e. Redeemed bonds f. Sold long-term investments g. Purchased treasury stock h. Sold equipment i. Issued preferred stock j. Purchased buildings k. Purchased patents