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6. Wolfe, Inc.'s accountants have assembled the following data for the year ended October 31, 2018 :: (Click the icon to view the data.) Prepare
6. Wolfe, Inc.'s accountants have assembled the following data for the year ended October 31, 2018 :: (Click the icon to view the data.) Prepare Wolfe's statement of cash flows using the indirect method for the year ended October 31, 2018. Assume beginning and ending Cash are $19,000 and $99, 100 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.) Data Table Wolfe, Inc. Statement of Cash Flows Year Ended October 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: $ 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 17,000 5,900 20,000 40,000 24,000 7,000 10.000 Print Done Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: 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, October 31, 2017 Cash Balance, October 31, 2018
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