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I have something wrong.... I can not figure this out. Required: (1) Prepare a statement of cash flows for the year ended June 30, 2015,

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I have something wrong.... I can not figure this out.

Required: (1) Prepare a statement of cash flows for the year ended June 30, 2015, using the indirect method Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. IKIBAN, INC Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2015 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation expense Gain on sale of plant assets Increase in inventory Changes in current operating assets and liabilities Increase in accounts receivable Decrease in prepaid expenses s 87.480 0 58,1000 (2.100) (18,500) 1,200 (6,800) Decrease in accounts payable Decrease in wages payable Decrease in income taxes payable (9200) (2.200) Net cash provided by operating activities S 107,980 Cash flows from investing activities Cash received from sale of equipment Cash paid for equipment (19,500) (60.100) Net cash used in investing activities Cash flows from financing activities (79,600) Cash received from stock issuance 47,000 Cash paid to retire notes Cash paid for dividends (23,000) 17,400 41,400 69,780 Net cash used in financing activities Net increase (decrease) in cash Cash balance at prior year-end Cash balance at current year-end $ 69,780

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