S11-7 (similar to) Question Help stio Inland Equipment's accountants assembled the following data for the year ended June 30, 2018. (Click the icon to view the data.) Prepare Inland Equipment's statement of cash flows for the year ended June 30, 2018, using the indirect method. The cash balance for Inland Equipment, Inc., at June 30, 2017, was $17,000 ation Begin by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted.) tincor yment ceeds of cor Inland Equipment, Inc. Statement of Cash Flows Year Ended June 30, 2018 Cash flows from operating activities: ales rey crease other urchase Adjustments to reconcile net income to net cash provided by operating activities: re Edmi the indir by com Flow stal Net cash provided by (used for) operating activities Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts s remaining Clear All Check Answer Year Ended June 30, 2018 ne ca Data Table Net income Proceeds from issuance of perati 44,000 7,000 common stock econd ded by Payment of dividends Increase in current assets other than cash Purchase of treasury stock 59,000 Purchase of equipment with cash ........ $ 15,000 Decrease in current liabilities ........ 5,700 Payment of long-term note payable 38,000 Proceeds from sale of land ........ 3,000 Depreciation expense .... 33,000 64,000 23,000 vided Print Done