Save Question 2, 59-6 (simila... HW Score: 71.96%, 21.59 of 30 points O Points: 0 of 6 Eldred Corporation Inc. accountants have assembled the following data for the year ended June 30, 2020: (Click the icon to view the year end data.) Prepare Eldred Corporation's statement of cash flows for the year ended June 30, 2020. Eldred uses the indirect method for operatin Year end data $ 6,000 For the Year Ended June 30, 2020 Payment of dividends Proceeds from issuance of common shares 16,000 Cash flows from operating activities 71000 229.000 Net income 38,000 11000 7,000 Adjustments to reconcile net income to net cash provided by operating activities Depreciation Increase in current assets other than cash (38000) 114.000 33,000 011000 Decrease in current liabilities (38000) Sales revenue Increase in operating current assets other than cash. Repurchase of common shares. Cost of goods sold. Other operating expenses Purchase of equipment. Decrease in operating current liabilities Payment of note payable. Proceeds from sale of land Depreciation expense 43,000 Subtotal 33000 11,000 28,000 43000) 62.000 11,000 62000 Net cash provided by operating activities Cash-flows from investing activities. Purchase of equipment Proceeds from sale of land Net cash by investing activities Cash flows from financing activities. Proceeds from issuance of common shares 19000 16000 Print Done Calculator ) ENG 14:28 04-12-2021 i DEN 12C Cloudy HALL NR. 74 cm 4 Conaninda = Homework: Online Assignment Chapter 9-10 Question 2, 59-6 (s Year end data Eldred Corporation Inc. accountants have assembled the following data for the year ended June 30, 2020 (Click the icon to view the year end data.) Prepare Eldred Corporation's statement of cash flows for the year ended June 30, 2020. Eldred uses the indirect method fp $ 6,000 Payment of dividends Proceeds from issuance of common shares CHE ABOUUUJI 16,000 Increase in current assets other than cash 229.000 111000 Decrease in current liabilities 38.000 Subtotal 7.000 114,000 (43000) Sales revenue Increase in operating current assets other than cash. Repurchase of common shares. Cost of goods sold. Other operating expenses Purchase of equipment. Decrease in operating current liabilities Payment of note payable.. Proceeds from sale of land.. 33 000 62000 43,000 11.000 Net cash provided by operating activities Cash flows from investing activities: Purchase of equipment Proceeds from sale of land Net cash by investing activities Cash flows from financing activities: Proceeds from issuance of common shares Payment of note payable Payment of dividends Repurchase of common shares Net cash used for financing activities 28.000 16000 62,000 Depreciation expense 11.000 (28000) (6000) 7000 Print Done Net increase in cash Clear all Final check Calculator 14-29 RE am 3) ENG 12C Cloudy I. 04-12-2021 Type here to search