Bob's Equipment's accountants assembled the following data for the year ended April 30, 2018. (Click the icon to view the data.) Prepare Bob's Equipment's statement of cash flows for the year ended April 30, 2018, using the indirect method. The cash balance for Bob's Equipment, Inc., at April 30, 2017, was $12,000. Begin by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted.) Bob's Equipment, Inc. Statement of Cash Flows Year Ended April 30, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities: Net cash provided by (used for) operating activities Data Table Net income ................ .......$ Proceeds from issuance of 42,000 10,000 common stock Payment of dividends .......... Increase in current assets other than cash ........ Purchase of treasury stock 56,000 Purchase of equipment with cash ............... $ 5,000 Decrease in current liabilities ...... 16,000 Payment of long-term note payable 38,000 Proceeds from sale of land .... 36,000 61,000 16,000 4,000 Depreciation expense ............ Begin by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted.) Bob's Equipment, Inc. Statement of Cash Flows Year Ended April 30, 2018 Cash flows from operating activities: Acquisition of investments Decrease in current assets Decrease in current liabilities Depreciation expense Increase in current assets Increase in current liabilities Loss of sale of land Net income Payment of dividends Ch Payment of long-term note payable Proceeds from issuance of common stock 3 Proceeds from issuance of notes payable Proceeds from sale of land s and then click Check Answer. Clear All Bob's Equipment, Inc. Statement of Cash Flows Year Ended April 30, 2018 Cash flows from operating activities: Depreciation expense Increase in current assets Increase in current liabilities Loss of sale of land Net income Payment of dividends Payment of long-term note payable Proceeds from issuance of common stock Proceeds from issuance of notes payable Proceeds from sale of land Purchase of equipment with cash Purchase of treasury stock 5 and then click Check