120 - A3_E 11-3A (Cash flow statement) E11-SA Prepare statement of cash flows - Indirect method (Leaming Objective >> 20-25 min The income statement and additional data of Secred Services Inc. tokom Speciated Services, Inc Income Statement Year Ended use 30, 2015 $229.000 8,000 5217000 Revenues Sales Revenue Dividend Revenue Total Revenues Expenses Cost of Goods Sold Salaries Expense Depreciation Expense Advertising Expense Interest Expense Income Tax Expense Total Expenses Net Income $100.000 45.000 28.000 12.000 2000 9,000 199.000 $ 38000 Additional data follow & Acquisition of plant assets totalled $116.000. Of is amount, $101.000 was paid in cash and a $15.000 note payable was signed for the remander . Proceeds from sale of land totale $24.000. No gain was recognized on the sale e. Proceeds from issuance of common shares totale $30,000 d. Payment of long-term not payable was $15.000 & Payment of dividends was $11.000 1 Data from the comparative statement of francial position to June 30 2015 2014 Current Assets Cash $26.000 $20.000 Accounts Receivable 43.000 58,000 Inventory 92.000 85,000 Current Liabilities: Accounts Payable $35,000 $22.000 Accrued Liabilities 13,000 21.000 Requirements 1. Prepare Specialized Services statement of confus for the year ended June 30, 2015, using the Indirect method 2. Evaluate Specialized Services cash flows for the year in your lo mention altre categories of cash flows and give the moon for your exation Reg. 1 Specialized Services, Inc. 13,000 21.01 Requirements 1. Prepare Special Services' statement of how to the year ended June 30. 2015, using the indirect method 2. Evaluate Specialized Services cash flows for the year in your valuation, mert al three categories of cash fows and geterson for your valuation Reg. 1 Specialized Services, Inc. Statement of Cash Flows Year Ended June 30, 2015 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: $38,000 Net cash provided by operating activities Cash flows from investing activities: (77.000) Net cash used for investing activities Cash flows from financing activities: Net cash provided by financing activities Net increase in cash Cash balance, June 30, 2014 Cash balance, June 30, 2015 $26.000