Score: 0 of 1 pt 6 of 6 (1 complete) HW Score: 0%, 0 of 6 pts P11-32A (book/static) Question Help Data from the comparative balance sheet of Stevenson Building Materials, Inc. a Click the icon to view the comparative balance sheet) y 31, 2018, follow Stevenson Building Materials, Inc.'s transactions during the year ended July 31, 2018, included: Click the icon to view the transactions) Read the reguirements Requirement 1. Prepare Stevenson Building Material he's statement of cash flows for the yow ended March 31, 2018, using the indirect method to report cash flows from operating activities Complete the statement one section at a time, beginning with the cash flows from operating activities (Use parent s or minus sign for numbers to be subtracted Stevenson Building Materials, Inc. Statement of Cash Flows Year Ended March 31, 2018 Cash flows from operating activities: Net Income Adjustments to concert income tonet cash provided by operating activities Choose from any let or entor any number in the input folds and then click Chock Answer. 4. CAL Check Arawer Comparative Balance Sheet W - X ME Insactions jons.) July 31 2018 2017 state ... $ 16,700 $ 15,000 54,700 the 4,900 21,800 53,400 to report cas to be subtra erials, Flows 1. 2018 Current Assets: Cash and cash equivalents ..... Accounts receivable..... Inventory. Current Liabilities: Accounts payable. Accrued liabilities .. Income tax payable ... ... $ 29,900 $ 14,600 8,700 28,500 16,500 4,100 Print Done fields and then click Check Answer. STILLOWS Ce searanded March 31 2018 using the indirect method to report cash flows fre * Transactions ser nde . $ Payment of cash dividend ..........$ Purchase of equipment for cash ...... Issuance of long-term note payable in exchange for cash ... 30,500 Depreciation expense .. 78,600 Purchase of building for cash. ....... Net income....... 56,000 Issuance of common stock 17,200 47,400 71,500 14,000 Print Done LILL with A Requirements X Jubtr. Mate ash F ch 31. 1. Prepare Stevenson Building Materials, Inc.'s statement of cash flows for the year ended July 31, 2018, using the indirect method to report cash flows from operating activities 2. Evaluate Stevenson Building Materials, Inc.'s cash flows for the year. Mention all three categories of cash flows and give the reason(s) for your evaluation. Print Done Data from the comparative balance sheet of Stevenson Building Materials, Inc. at July 31, 2018, follow: (Click the icon to view the comparative balance sheet.) Net income Adjustments to reconcile net income to net cash provided by operating activities: Not cash provided by (used for operating activities Choose from any list or enter any number in the input fields and then click Check Answer. 4 parts 4 remaining Clear A