Ryan's Electronics accountants assembled the following data for the year ended May 31, 2020. Cash receipt from sale of land $21,000 Net Income $62,000 Depreciation Expense $4,000 Cash purchase of equipment $36,000 Cash payment of dividends $5,300 Decrease in current liabilities $17,000 Cash receipt from issuing common stock $27,000 Increase in current assets $23,000 Prepare Ryan's Electronics statement of cash flows using the indirect method for the year ended May 31, 2020. Assume beginning and ending Cash are $23,300 and $56,000, respectively. Ryans Electronics Statement of Cash Flows Indirect Method For Year Ending May 31, 2020 Cash Flow from Operating Activities: Adjustment to reconcile Net Income to Net Cash Flow Changes in Operating Assets & Liabilities Net Cash Flows from Operating Activites Cash Flows from Investing Activities Net Cash Flows from Investing Activities V Statement of Cash Flows - Indirect Method For Year Ending May 31, 2020 Cash Flow from Operating Activities: Adjustment to reconcile Net Income to Net Cash Flow Changes in Operating Assets & Liabilities Net Cash Flows from Operating Activites Cash Flows from Investing Activities Net Cash Flows from Investing Activities Cash Flows from Financing Activities Net Cash Flows from Financing Activites Increase in Cash Cash at the end of the year