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Alley Cellular accountants have assembled the following data for the year ended June 30,2024 : (Click the icon to view the data.) Prepare Alley Cellular's
Alley Cellular accountants have assembled the following data for the year ended June 30,2024 : (Click the icon to view the data.) Prepare Alley Cellular's statement of cash flows using the indirect method for the year ended June 30,2024 . Assume beginning and ending Cash are $50,000 and $110,000, 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 i leave the box empty; do not select a label or enter a zero.) 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, June 30, 2023 Cash Balance, June 30, 2024 \begin{tabular}{lrlrr} \hline Cash receipt from sale of land & $24,000 & Net income & $4,000 \\ Depreciation expense & 18,000 & Cash purchase of equipment & 39,000 \\ Cash payment of dividends & 6,000 & Decrease in current liabilities & 7,000 \\ Cash receipt from issuance of common stock & 30,000 & Increase in current assets other than cash & 24,000 \\ \hline \end{tabular}
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