Cellular accountants have assembled the following data for the year ended

JuneJune

30,

20162016:

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Cash receipt from sale of land	$32,000	Net income	$60,000
Depreciation expense	15,000	Cash purchase of equipment	41,000
Cash payment of dividends	5,900	Decrease in current liabilities	21,000
Cash receipt from issuance of common stock	18,000	Increase in current assets other than cash	27,000

Prepare Winding RoadWinding Road

Cellular's statement of cash flows using the indirect method for the year ended JuneJune 30,2016.

Assume beginning and ending Cash are $46,000 and $76,100,

respectively.

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.)

	Winding Road Cellular
	Statement of Cash Flows
	Year Ended June 30, 2016
	Cash Flows from Operating Activities:
	Net Income
	Adjustments to Reconcile Net Income to
	Net Cash Provided by Operating Activities:
	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, 2015
	Cash Balance, June 30, 2016