a.Equipment and land were acquired for cash
b.There were no disposal of equipment during the year
c.The investments were sold for 45,000 cash
d.The common stock was issued for cash
e.There was a 65,900 credit to retained earning for net income
f.There was a 50,000 debit to retained earning for cash dividends declared.
Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities