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Eduardo Corporation Inc. accountants have assembled the following data for the year ended June 30, 2017: .: (Click the icon to view the year end
Eduardo Corporation Inc. accountants have assembled the following data for the year ended June 30, 2017: .: (Click the icon to view the year end data.) Prepare the operating activities section of Eduardo's statement of cash flows for the year ended June 30, 2017. Eduardo uses the indirect method for operating cash flows. (Use parentheses or a minus sign for numbers to be subtracted or a net decrease in cash.) A Year end data Eduardo Corporation Inc. Statement of Cash Flows For the Year Ended June 30, 2017 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Increase in current assets other than cash Payment of dividends ............$ Proceeds from issuance of common shares Sales revenue. Increase in operating current assets other than cash .................. Repurchase of common shares ............ 5,900 Cost of goods sold $ 118,000 Other operating expenses .......... 34,000 26,000 Purchase of equipment. 36,000 225,000 Decrease in operating current liabilities .... 10,000 Payment of note payable .... 32,000 37,000 Proceeds from sale of land..................... 66,000 5,000 Depreciation expense... 11,000 Decrease in current liabilities Net cash provided by operating activities Print Done
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