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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 Eduardo Corporation's
Eduardo Corporation accountants have assembled the following data for the year ended June 30, 2021 (Click the icon to view the data) Prepare Eduardo Corporation's statement of cash flows for the year ended June 30 2021 The company uses the indirect method for operating activities. Year Ended June 30, 2021 Cash flows from operating activities: Not income Adjustments to reconcile net income to net cash provided by used for operating activities Depreciation Decrease in current assets other than cash Decrease in current liabilities No cash provided by (used for operating activities 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 6.100 Other operating expenses 28,000 Purchase of equipment with cash 225,000 Decrease in current liabilities 36,000 Payment of noto payable 7,000 Proceeds from sale of land Depreciation expense $ 118,000 35.000 34.000 8,000 30,000 26,000 5,000
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