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Prepare Winding Road Cellular's statement of cash flows using the indirect method for the year ended April 30, 2018. Assume beginning and ending Cash are
Prepare Winding Road Cellular's statement of cash flows using the indirect method for the year ended April 30, 2018. Assume beginning and ending Cash are $48,000 and $52,200, respectively. (45,000) 10,000 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities $ Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock 27,000 2,000 5,800 17,000 Net income Cash purchase of equipment Decrease in current liabilities Increase in current assets other than cash 55,000 44,000 20,000 27,000
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