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Eduardo Corporation accountants have assembled the following data for the year ended June 30, 2018 ES (Click the icon to view the data) Prepare Eduardo
Eduardo Corporation accountants have assembled the following data for the year ended June 30, 2018 ES (Click the icon to view the data) Prepare Eduardo Corporation's statement of cash flows for the year ended June 30, 2018. The company uses the indirect method for operating activities. Begin by completing the cash flows from operating activities. Then complete the remaining sections of the cash flow statement. (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, 2018 Data Table - Cash flows from operating activities: Adjustments to reconcile net income to Net income $ 117,000 net cash provided by (used for) operating activities Payment of dividends $ ? Cost of goods sold 5,500 Other operating expenses Purchase of equipment 33,000 Proceeds from the issuance of common stock 15,000 with cash 41,000 Sales revenue 226,000 Increase in current liabilities 11,000 Net cash provided by (used for) operating activities Decrease in current assets Payment of note payable 34,000 other than cash 36,000 Proceeds from sale of land 30,000 Purchase of treasury stock 9,000 Depreciation expense 10,000 Print Done Done
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