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Eduardo Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click the icon to view the data) Prepare the
Eduardo Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click the icon to view the data) Prepare the operating activities section of Eduardo's statement of cash flows for the year ended June 30, 2021. The company uses the indirect method for operating cash flows. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Eduardo Corporation Statement of Cash Flows (indirect Method) Year Ended June 30, 2021 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities Net cash provided by (used for) operating activities Points: 0 of 1 Eduardo Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click the icon to view the data.) Prepare the operating activities section of Eduardo's statement of cash flows for the year ended June 30, 2021. The company uses the indirect method for operating cash flow a minus sign for numbers to be subtracted and for a net decrease in cash.) Data table Net income Payment of dividends Proceeds from the issuance of common stock Sales revenue Decrease in current assets other than cash Purchase of treasury stock $? Cost of goods sold 5,600 Other operating expenses 26,000 Purchase of equipment with cash 227,000 Decrease in current liabilities 30,000 Payment of note payable 12,000 Proceeds from sale of land Depreciation expense Print Done $ 118,000 38,000 39,000 4,000 35,000 29,000 8,000
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