Data Table 2018 2017 Current Assets: Cash $ 103,800 $ 21,000 Accounts Receivable 64,300 68,900 Merchandise Inventory 86,000 83,000 Current Liabilities: Accounts Payable Income Tax Payable 58,200 56,200 14,500 17,200 Print Done $ 45,100 52,000 Transaction Data for 2018: Issuance of common stock for cash Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold $ 46,000 22,000 76,000 117,000 55,000 Payment of notes payable Payment of cash dividends Issuance of notes payable to borrow cash Gain on sale of building Net income 67,000 4,000 65,000 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 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 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 Choose from any list or enter any number in the input fields and then continue to the next question Prepare Elwin's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. Provided by (Used for) Operating Activities: Acquisition of Land by Issuing Long-term Notes Payable Cash Payment of Dividends Cash Payment of Notes Payable Cash Payment for Acquisition of Equipment Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Notes Payable Cash Receipt from Sale of Building Decrease in Accounts Receivable Ch Decrease in Income Tax Payable Depreciation Expense Gain on Sale of Building n continue to the next question. 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 na activities. Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Choose from any list or enter any number in the input fields and then continue to the next question. (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 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: Choose from any list or enter any number in the input fields and then continue to the next question. Accountants for Elwin, Inc. have assembled the following data for the year ended Vecer E 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 n 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 Choose from any list or enter any number in the input fields and then continue to the next question. Accountants for Elwin, Inc. have assembled the following data for the year ended December 31, 2018: B (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- activities. Net Casni proven by (used in mancing Acuvues 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 Choose from any list or enter any number in the input fields and then continue to the next
