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Emest Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click the icon to view the data.) Prepare Ernest
Emest Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click the icon to view the data.) Prepare Ernest Corporation's statement of cash flows for the year ended June 30, 2021. The company uses the indirect method for operating activities. Begin by completing the cash flows from operating activities. Then complete the remaining sections of Emest Corporation Statement of Cash Flows (Indirect Method) Data table Year Ended June 30, 2021 Cash flows from operating activities: Net Income Adjustments to reconcile net income to net cash provided by (used for) operating activities: S 67,000 Depreciation $ 13,000 Decrease in current assets other than cash 34,000 Increase in current liabilities 7,000 54,000 121,000 Net cash provided by (used for) operating activities Cash flows from Investing activities: Payment of dividends Proceeds from issuance of common stock Net cash provided by (used for) investing activities Help me solve this Etext pages Calculator 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 6,400 Other operating expenses 24,000 Purchase of equipment with cash 230,000 Increase in current liabilities 34,000 Payment of note payable 5,000 Proceeds from sale of land Depreciation expense Print Done $ 114,000 36,000 44,000 7,000 35,000 32,000 13,000 Clear all Check answer
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