Statement of cash flows Prepare a statement of cash flows indirect method Elan Corporation accountants have assembled the following data for the year ended June 30, 2018 Net income Payment of dividends Proceeds from the issuance of common stock Sales revenue Increase in current assets other than cash Purchase of treasury stock Cost of goods sold Other operating expenses Purchase of equipment with cash Increase in current liabilities Payment of note payable Proceeds from sale of land Depreciation expense 6,300 20,000 223,000 37,000 8,000 115,000 41,000 36,000 6,000 31,000 34,000 12,000 Use the blue shaded areas on the ENTERANSWERS tab for inputs Always use cell references and formulas where appropriate to receive full credit. If you copy/ paste from the Instruction tab you will be marked wrong Requirement Prepare Elan Corporation's statement of cash flows for the year ended June 30, 2018. The company uses the indirect method for operating cash flows Enter cash inflows as positive values and cash outflows as negative values Check your spelling carefully and do not abbreviate a. b. Prepare Elan Corporation's statement of cash flows for the year ended June 30, 2018. The company uses the indirect method for operating cash flows. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong.) Cash flows from operating activities: Adjustments to reconcile net income to net cash Net cash provided by operating activities Cash flows from investing activities: Net cash used for investing activities Cash flows from financing activities: Net cash used for financing activities Net increase (decrease) in cash Elan Corporation Statement of Cash Flows (partial) Year ended June 30, 2018 June 30, 2018