Statement of cash flows$-$indirect method

The comparative balance sheet of Livers Inc. for December $31,20$ Y $3$ and $20$Y$2,$ is as follows:

Dec. $31,20$ Y $3$ Dec. $31,20$ Y $2$

Liabilities and Stockholders' Equity

Additional data obtained from an examination of the accounts in the ledger for $20$ Y $3$ 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.

e$.$ There was a $$500,000$ increase to Retained Earnings for net income.

f$.$ There was a $$90,000$ decrease to Retained Earnings for cash dividends declared.

Required:

Prepare a statement of cash flows, using the indirect method of presenting cash flows from $($used for$)$ operating

activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any

negative adjustments.

Livers Inc.