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One Way Cellular accountants have assembled the following data for the year ended April 30, 2024: (Click the icon to view the data.) Prepare One
One Way Cellular accountants have assembled the following data for the year ended April 30, 2024: (Click the icon to view the data.) Prepare One Way Cellular's statement of cash flows using the indirect method for the year ended April 30, 2024. Assume beginning and ending Cash are $41,000 and $59,600, respectively. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) One Way Cellular Data Table Statement of Cash Flows Year Ended April 30, 2024 Cash Flows from Operating Activities: 32,000 Net income $ 60,000 Net Income $ 60,000 Cash receipt from sale of land Depreciation expense Cash payment of dividends 5,000 Cash purchase of equipment 41,000 Adjustments to Reconcile Net Income to 6,400 Decrease in current liabilities 21,000 Net Cash Provided by Operating Activities: Depreciation Expense Cash receipt from issuance of common stock 18,000 Increase in current assets other than cash 28,000 $ 5,000 Increase in Current Assets Other than Cash (28,000) (21,000) Print Done Decrease in Current Liabilities (44,000) 16,000 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Provided by Operating Activities: Depreciation Expense $ 5,000 Increase in Current Assets Other than Cash Decrease in Current Liabilities (28,000) (21,000) (44,000) Net Cash Provided by (Used for) Operating Activities 16,000 Cash Flows from Investing Activities: Cash Receipt from Issuance of Common Stock Cash Receipt from Sale of Land Decrease in Current Liabilities Depreciation Expense Increase in Current Assets Other Than Cash Ch Payment of Cash Dividends Purchase of Equipment 2 remaining and then click Check
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