Prepare Hapland Light's statement of cash flows and accompanying schedule of noncash investing and financing activities. Report operating activities using the direct method.

Start by completing the cash flows from operating activities. Then complete the rest of the statement of cash flows and accompanying schedule of noncash investing and financing activities.

The income statement and additional data of Hapland Light, Inc., follow: E: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Read the requirements. Requirement 1. Prepare Hapland Light's statement of cash flows and accompanying schedule of noncash investing and financing activities. Report operating activities using the direct method. Start by completing the cash flows from operating activities. Then complete the rest of the statement of cash flows and accompanying schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Data Table - X Hapland Light, Inc. Statement of Cash Flows (Direct Method) Year Ended June 30, 2018 Cash flows from operating activities: Receipts: - X More Info Hapland Light, Inc. Income Statement Year Ended June 30, 2018 Total cash receipts Revenues: Payments: Sales revenue $ 225,000 11,000 $ 236,000 Dividend revenue Additional data: a. Collections from customers are $15,500 less than sales. b. Payments to suppliers are $1,500 more than the sum of cost of goods sold plus advertising expense. c. Payments to employees are $2,400 more than salary expense. d. Dividend revenue, interest expense, and expense equal their cash amounts e. Acquisition of plant assets is $156,000. Of this amount, $108,000 is paid in cash and $48,000 is financed by signing a long-term note payable. f. Proceeds from the sale of land totaled $26,000. g. Proceeds from the issuance of common stock totaled $86,000. h. Payment of a long-term note payable is $29,000. i. Payment of dividends is $9,000. j. Cash balance, June 30, 2017, was $38,000 Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense 101,000 42,000 24.000 Total cash payments Net cash provided by (used for) operating activities 11,500 4.000 10.000 Income tax expense 192.500 $ 43,500 Net income Print Done Print Done Choose from any list or enter any number in the input fields and then click Check