P11-6 Appendix Statement of cash flows-direct method applied to P11-1 The comparative balance sheet of Lvers Inc, for December 31, 20Y3 and 20Y2, is as follows: The income statement for the year ended December 31, 20V3, is as followx Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: a. The investments were sold for $175,000eash. b. Rquipment and land were acquired for cash. c. There were no disponals of equipment during the year. d. The common stock was issued for cadh. e. There was a $90,000 decrease in Retained Earnings for cash dividends declared. Instructions Prepare a statement of cash flows, using the direct method of presenting cash flows from (used for) operating activities