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Accountants for Elwin, inc. have assembled the following data for the year ended December 31. 2018 (Click the icon to view the current accounts.) (Click
Accountants for Elwin, inc. have assembled the following data for the year ended December 31. 2018 (Click the icon to view the current accounts.) (Click the icon to view the transaction data.) Prepare Elwins statement of cash ows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities comple:a the statement one section at time, beginning with the cash flows from operatn8 actritas. (Use parentheses or a minus sign for numbers to ba subtracted. If a box is not used i the statement, leave the box empty; do not select label or enter a zero.) Elwin, Ine. Statement of Cash Flows Year Ended December 31, 2018 1 Data Table Cash Flows from Operating Activities: Transaction Data for 2018 lssuance of common stoak for cash Depreciation expense Purchase of equipment with cash Asquisition of land by issuing long-term notes payable 14.000 Gain on sale of building Book value of buiding sold 2500 Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: 38,000 Payment of notes payable 20,000 Payment of cash dividends S 40,100 55.000 80,000 ssuance of notes payable to borrow cash 85,000 5.500 72.500 20000 Depreciation Expense Gain on Sale of Building Decrease in Accounts Recevable Increase in Merchandie l Increase in Accounts Payable Decrease in Income Tax Payable 5500 .000 Net income (8000 2400 Print Done (2800) 38800 Data Table Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Adtivities Cash Payment for Acquisition of Equipmen Cash Receipt from Sale of Suliding 64500 2018 2017 Current Assets Cash Accounts Receivable Merchandise Inventory 3 86.2003 18,000 69.500 78,000 15500) Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities 3.500 84.000 Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Notes Payable Cash Payment of Dividends Cash Payment of Notes Payable 38000 Current Liablibes Accounts Payable Income Tax Payable 55,800 55000) 14.400 7.000 Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 Print Done Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Acsivities Choose from any list or enter any number in the input fields and then continue to the next
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