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Laneway Equipment's accountants assembled the following data for the year ended September 30, 2018. (Click the icon to view the data.) Prepare Laneway Equipment's statement
Laneway Equipment's accountants assembled the following data for the year ended September 30, 2018. (Click the icon to view the data.) Prepare Laneway Equipment's statement of cash flows for the year ended September 30, 2018, using the indirect method. The cash balance for Laneway Equipment, Inc., at September 30, 2017, was $21,000. X i Begin by completing the cash flows from operating activities. (Use parentheses or a minus sign for nu Data Table Laneway Equipment, Inc. Statement of Cash Flows Net income $ 58,000 Purchase of equipment Year Ended September 30, 2018 Proceeds from issuance of with cash S 66,000 Cash flows from operating activities: common stock 26,000 Decrease in current liabilities 7,000 Payment of dividends 6,000 Payment of long-term Adjustments to reconcile net income to Increase in current assets note payable 37,000 net cash provided by operating activities: other than cash 34,000 Proceeds from sale of land 60,000 Purchase of treasury stock ..... 6.000 Depreciation expense.... 22,000 Print Done Net cash provided by (used for) operating activities Now complete the cash flows from investing activities. (Use parentheses or a minus sign for numbers to be subtracted.) Cash flows from investing activities: Net cash provided by (used for) investing activities Next, complete the cash flows from financing activities. (Use parentheses or a minus sign for numbers to be subtracted.) Cash flows from financing activities: Net cash provided by (used for) financing activities Finally, complete the statement of cash flows. (Use parentheses or a minus sign for numbers to be subtracted.) Net increase (decrease) in cash: Cash balance, September 30, 2017 Cash balance, September 30, 2018
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