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Accountants for Elwin, Inc. have assembled the following data for the year ended December 31, 2018: EEB (Click the icon to view the current Prepare
Accountants for Elwin, Inc. have assembled the following data for the year ended December 31, 2018: EEB (Click the icon to view the current Prepare Elwin's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. nts.) (Click the icon to view the transaction data.) Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Elwin, Inc. Statement of Cash Flows 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: Net Cash Provided by (Used for) Operating Activities Accountants for Elwin, Inc. have assembled the following data for the year ended December 31, 2018: (Click the icon to view the current accounts.) Prepare Elwin's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. (Click the icon to view the transaction data.) 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, December 31, 2017 Cash Balance, December 31, 2018 Question Help * Accountants for Elwin, Inc. have assembled the following data for the year ended December 31, 2018 E (Click the icon to view the current accounts. Prepare Elwin's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. ) (Click to con to view the transaction data) 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, December 31, 2017 Cash Balance, December 31, 2018 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Data Table 1 2018 2017 Current Assets: Cash Accounts Receivable Merchandise Inventory $ 102,700 $ 23,000 64600 69,600 4,000 80,000 Current Liabilities: Accounts Payable Income Tax Payable 57,700 56,200 4,20016,900 Print Done Data Table Transaction Data for 2018: Issuance of common stock for cash Depreciation expense Purchase of equipment with cash 46,000 Payment of notes payable 19,000 Payment of cash dividends 76,000 $51,100 45,000 61,000 2,500 65,000 Issuance of notes payable to borrow cash Gain on sale of building Acquisition of land by issuing long-term notes payable115,000 Book value of building sold 61,000 Net income Print Done
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