Statement of Cash flows indrect method The comparative balance sheet of Flack Inc for December 31st, 2013 and 2012 is shown as follows: Assets: Dec 31st, 2013 Dec 2012 Cash $234,660 $219,720 Accounts receivables 85,440 78,360 Inventories 240,660 231,420 Investements 0 90,000 Land 123,000 0 Equipment 264,420 207.420 Accumulated Depreciation-Equipment (62,400) (55,500) 885,780 771,420 Liabilities and stockholders Equity Accounts payable (merchandise Creditor) 159,180 151,860 Accrued expensies payable (operations expenses) 15,840 19,740 dividends payable 9,000 7,200 Common stock $1par 48,000 36,000 Paid in capital excess of par -common stock 180,000 105,000 Relationship earnings 885.780 451,620 The following additional information was taken from the records the investements wer sold for $105,000 cash equpipment and land were acquired for cash there was no dispolals of equpipment during the year common stock was issued for cash there was a $58,140 credot tp retained earnings for net income there was a $36 debit to retained earnings for cash dividends declared. prepare a statement of cash flows using the indrect method of presenting cash flows from operating activities