PR 16-1A Statement of cash flows-indirect method OBJ. 3 The comparative balance sheet of Navaria Inc. for December 31, 2013 and 20Y2, is shown as follows: Dec. 31, 20Y3 Dec. 31. 2072 Assets Cash ....414 $ 155,000 $ 150,000 Accounts receivable (niet)... ........ 450.000 400,000 Inventories. ...it 770.000 750,000 Investments . ... 100,000 500,000 Equipment. . .. . .. ..... 1,400,000 1,200,000 Accumulated depreciation-equipment ... . . . .it (600.000) (500,000) $2,675.000 $2,100,000 Liabilities and Stockholders' Equity Accounts payable ....... 5983416898948698989865898451898941... $ 340,000 $ 300,000 Accrued expenses payable .condoms 45,000 50.000 Dividends payable.....1984. 30.000 25,000 Common stock, $4 Par...LEEassassinin 700,000 600,000 Paid-in capital: Excess of issue price over par-common stock.... .. 200,000 175,000 Retained earnings....an 1,360,000 950.000 Total liabilities and stockholders equity.............masses $2,675.000 $2,100,000 Additional data obtained from an examination of the accounts in the ledger for 2073 are as follows: a. The investments were sold for $175,000 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. c. There was a $500,000 credit to Retained Earnings for net income. f. There was a $90,000 debit to Retained Earnings for cash dividends declared. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities