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Laneway Cellular accountants have assembled the following data for the year ended June 30, 2018 EE (Click the icon to view the data.) Prepare the
Laneway Cellular accountants have assembled the following data for the year ended June 30, 2018 EE (Click the icon to view the data.) Prepare the operating activities section using the indirect method for Laneway Cellular's statement of cash flows for the year ended June 30, 2018. (Use parentheses or a minus sign for numbers to be subtracted.) Laneway Cellular Statement of Cash Flows (Partial) Year Ended June 30, 2018 Cash Flows from Operating Activities Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Data Table Net Cash Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock 31,000 Net income $ 36,000 40,000 21,000 25,000 17,000 Cash purchase of equipment Decrease in current liabilities Increase in current assets other than cash 6.200 25,000 Choose from a Print Done
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