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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 Ethan
Ethan Corporation accountants have assembled the following data for the year ended June 30 , 2021: (Click the icon to view the data.) Prepare Ethan 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 the cash flow statement. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Net income $ ? Cost of goods sold Payment of dividends 5,500 Other operating expenses $100,000 Proceeds from the issuance of common stock 28,000 Purchase of equipment with cash Sales revenue 222,000 Increase in current liabilities Decrease in current assets other than cash 30,000 Payment of note payable Purchase of treasury stock 4,000 Proceeds from sale of land Ethan Corporation accountants have assembled the following data for the year ended June 30 , 2021: (Click the icon to view the data.) Prepare Ethan 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 the cash flow statement. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Net income $ ? Cost of goods sold Payment of dividends 5,500 Other operating expenses $100,000 Proceeds from the issuance of common stock 28,000 Purchase of equipment with cash Sales revenue 222,000 Increase in current liabilities Decrease in current assets other than cash 30,000 Payment of note payable Purchase of treasury stock 4,000 Proceeds from sale of land
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