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One Way Cellular accountants have assembled the following data for the year ended November 30, 2024: (Click the icon to view the data.) Prepare One
One Way Cellular accountants have assembled the following data for the year ended November 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 November 30, 2024. Assume beginning and ending Cash are $51,000 and $107,800, 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 Statement of Cash Flows Year Ended November 30, 2024 Cash Flows from Operating Activities: Net Income $ 57,000 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation Expense $ 18,000 Increase in Current Assets Other than Cash (14,000) (7,000) Decrease in Current Liabilities (3,000) 54,000 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Purchase of Equipment Cash Receipt from Sale of Land $ (38,000) 31,000 (7,000) Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Receipt from Issuance of Common Stock Payment of Cash Dividends $ 16,000 (6,200) 9,800 Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, November 30, 2023 Cash Balance, November 30, 2024
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