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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 Elwin's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities HII Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: X Data table Transaction Data for 2018: - X Data table Issuance of common stock for cash $ 45.100 $ 46,000 18,000 48,000 72.000 Payment of notes payable Payment of cash dividends Issuance of notes payable to borrow cash Gain on sale of building Net income 57.000 2018 Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold 2017 1,500 123.000 53.000 Current Assets: 66.500 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash $ 86.900 $ 21,000 64.200 60,600 88.000 74,000 Print Done Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 57.400 55,300 14.300 17.300 Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities Print Done Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Activate Windows
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