I just need the answer to the one red box. please post answer so that half the answer isnt cut off! thanks!

Statement of Cash Flows Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions The comparative balance sheet of Iglesias Inc. for December 31, 20Y3 and 2002, is shown as follows: 1 Dec 31, 2015 Dec 31, 2012 Assets 3 Cash $186,000.00 4 Accounts receivable (net) 540,000.00 $180,000.00 480,000.00 900,000.00 120,000.00 Inventores 924,000.00 6 Investments 0.00 1 Land 600,000.00 0.00 Statement of Cash Flows instructions Labels and Amount Descriptions Statement of Cash Flows Instructions 1,680,000.00 Equipment 9 Accumulated depreciation equipment 1,440,000.00 (600,000.00) (720,000.00) $3,210,000.00 10 $2,520,000.00 $360,000.00 Total assets 11 Labilities and Stockholders' Equity 12 Accounts payable 13 Accrued expenses payable 14 Dividends payable 15 Common stock, 54 par 1 Excess of paid-in capital over par 11 Retained earnings 60,000.00 $408,000.00 54,000.00 36,000.00 840,000.00 240,000.00 30,000.00 720,000.00 210,000.00 1,632,000.00 1,140,000.00 de Statement of Cash Flows Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions 18 Total liabilities and stockholders' equity $3,210,000.00 $2,520,000.00 Additional data obtained from an examination of the accounts in the ledger for 2073 are as follows, a. The investments were sold for S210,000 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 $600,000 credit to Retained Earings for net income 1. There was a $108.000 debit to Retained Earnings for cash dividends declared. TL instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Statement of Cash Flows Iglesias Inc Score: 165/169 Statement of Cash Flows For the Year Ended December 31, 2043 1 Cash flows from used for operating activities 2 Net Income $600,000.00 3 Adjustments to reconcile net income to net cash flows from operating activities Depreciation 120,000.00 5 Gain on sale of investments (90,000.00) Changes in current operating assets and liabilities Increase in inventories (24,000.00 Statement of Cash Flows Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Statement of Cash Flows 8 Increase in accounts payable Decrease in accrued expenses payable 48,000.00 9 50 Increase in accounts receivable (6,000.00) (60,000.00 $588,000.00 11 Net cash flows from operating activities 12 Cash flows from used for investing activities Cash paid for purchase of equipment Cash paid for purchase of land 15 $240,000.00 (600,000.00) 15 Cash received from sale of investments 210,000.00 Net cash flows used for investing activities Cash flows from used for financing activities (630,000.00) takeAssig n.do?invoker=&takeAssignmentSessionLocator=& eBook Show Me How Statement of Cash Flows instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Statement of Cash Flows 18 Cash received from issuing common stock $150,000.00 (102,000.00) 19 Cash dividends 20 Net cash flows from financing activities 21 Net increase in cash 22 Cash balance, January 1, 20Y3 21 Gash balance, December 31, 2043 48,000.00 $6,000.00 180,000.00 $186,000.00