Determining Cash Flows from (Used for) Operating Activities Yeoman Inc. reported the following data: Net income $341,800 Depreciation expense 79,300 Loss on disposal of equipment 30,900 Increase in accounts receivable 27,600 Increase in accounts payable 12,500 Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Yeoman Inc. Statement of Cash Flows (partial) Cash flows from (used for) operating activities: $- Select - Adjustments to reconcile net income to net cash flows from (used for) operating activities: - Select - - Select - Changes in current operating assets and liabilities: - Select - - Select - Net cash flows from operating activities $fill in the blank 11

Land Transactions on the Statement of Cash Flows Veteran Corporation purchased land for $463,000. Later in the year, the company sold a different piece of land with a book value of $259,000 for $223,000. How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select "No effect" from the drop down menu and leave the amount box blank. Transactions Action Amount Gain or loss on sale of land $fill in the blank 2 Cash received from sale of land $fill in the blank 4 Cash paid for purchase of land $fill in the blank 6