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6. Coyote, Inc.'s accountants have assembled the following data for the year ended July 31, 2018: (Click the icon to view the data.) Prepare Coyote's
6. Coyote, Inc.'s accountants have assembled the following data for the year ended July 31, 2018: (Click the icon to view the data.) Prepare Coyote's statement of cash flows using the indirect method for the year ended July 31, 2018. Assume beginning and ending Cash are $15,000 and $103,900 respectively. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Coyote, Inc. Statement of Cash Flows Year Ended July 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Cash Payment for Acquisition of Land Cash Payment of Dividends Cash Receipt from Disposal of Equipment Cash Receipt from Issuance of Common Stock Decrease in Current Assets Other than Cash Depreciation Expense Increase in Current Liabilities Data Table $ Cash receipt from sale of equipment Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock Net income Cash purchase of land Increase in current liabilities Decrease in current assets other than cash 16,000 16,000 6,100 21,000 32,000 19,000 12,000 17,000 Print Print Done Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, July 31, 2017 Cash Balance, July 31, 2018
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