Save Homework: HW 11 - Chapter 11 Score: 0 of 10 pts 6 of 6 (5 complete) HW Score: 49.36%, 23.69 of 48 pts Question Help | * P11-32A (similar to) Requirements 1. Prepare Cartson Building Materials, Inc.'s statement of cash flows for the Data from the comparative balance sheet of Carlson Building Materials, Inc. at July 31, 2016, follow EEB (Click the loon to view the comparative balance sheet.) Carlson Building Materials, Inc.'s transactions during the year ended July 31, 2016, included: BB (Click the icon to view the transactions.) year ended July 31, 2016, using the indirect method to report cash flows from operating activities Evaluate Cartson Building Materials, Inc.'s cash flows for the year. Mention all three categories of cash fnlows and give the reason for your evaluation 2. March 31, 2016, using the indirect method to report cash flows Requirement 1. Prepare Carlson Building Materials, Inc.'s statement of cash flows for the year ended from operating activities. activities. (Use parentheses or a minus sign for numbers to be Complete the statement one subtracted) section at a time, beginning with the cash fiows from operating Carlson Building Materials, Inc. Statement of Cash Flows Year Ended March 31, 2016 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities Net cash provided by (used for) operating activities to) balance sheet of Carlson Building Materials, Inc. at the comparative balance sheet.) s, Inc.'s transactions during the year ended July 31, w the transactions.) Requirements 1. Prepare Carlson Building Materials, Inc.'s stateme year ended July 31, 2016, using the indirect meth from operating activities. Evaluate Carlson Building Materials, Inc.'s cash fle all three categories of cash flows and give the reas 2. eCarlson Building Materials, Inc's statement of cash flows for the year ended March 31, 2016, using the indirectm t one section at a time, beginning with the cash flows from operating activities. (Use parentheses or a minus sign for Carlson Building Materials, Inc. Statement of Cash Flows Year Ended March 31, 2016 perating activities reconcile net income to net cash Data Table $ Payment of cash dividend Purchase of equipment for cash Issuance of long-term note 30,500 Depreciation expense 78,200 Purchase of building for cash .17,400 47,000 70,500 11,500 . payable in exchange for cash 57,000 Issuance of common stock Print Done 2016, included: EEE (Click the icon to view the transactions.) Requirement 1. Prepare Carlson Building Materials, Inc.'s statement of cash fl from operating activities Complete the statement one section at a time, beginning with the cash flows fra subtracted.) Carlson Building Materials, Inc. Statement of Cash Flows Year Ended March 31, 2016 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Acquisition of building Acquisition of equipment Decrease in accounts receivable Decrease in accrued liabilities Depreciation expense Increase in accounts payable Increase in income tax payable Increase in inventory Payment of dividends Proceeds from issuance of common stock Proceeds from issuance of long-term notes payable