IKIBAN, INC Statement of Cash Flows (indirect Method) For Year Ended June 30, 2017 Cash flows firom operating activities S 149,510 Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation expense Cash received from sale of equipment Increase in accounts receivable Changes in current operating assets and liabilities Increase in accounts receivable Decrease in inventory Decrease in prepaid expenses Decrease in accounts payable Decrease in wages payable Decrease in income taxes payable Increase in accounts receivable 83,600 4,500) (26,500) (26,500) (26,500) 122,610 Cash flows from investing activities Cash received from sale of equipment Cash paid for equipment ncrease in accounts receivable Cash flows from financing activities Cash received from stock issuance Net increase (decrease) in cash Cash balance at prior year-end Cash balance at current year-end 122,610 122.610