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Ethan Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click the icon to view the data.) Prepare the operating
Ethan 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 Ethan'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.) Ethan 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 - Data table $ 116,000 32,000 34.000 Net Income Payment of dividends Proceeds from the issuance common stock Sales revenue Decrease in current assets other than cash Purchase of treasury stock $? Cost of goods sold 6,400 Other operating expenses 25,000 Purchase of equipment with cash 229,000 Decrease in current liabilities 34,000 Payment of note payable 7,000 Proceeds from sale of land Depreciation expense 14.000 32,000 33,000 8,000 Print Done
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