The income statement and additional data of Consolidated Services, Inc., follow Click the icon to view the income statement.) (Click the icon to view the additional data) Read the requirements Requirement 1. Prepare Consolidated Services' statement of cash flows for the year ended November 30, 2018, using the indirect method. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted) Consolidated Services, Inc. Statement of Cash Flows Year Ended November 30, 2018 Cash flows from operating activities Net income Adjustments to reconcile not income to not cash provided by operating activities: Choose from any list or enter any number in the input fields and then click Check Answer 6 parts Clear All O remaining i Data Table Consolidated Services ment.) (Click the ice vices' statement of cash ime, beginning with the ca Jo be subtracted.) idated Services, Inc. nent of Cash Flows led November 30, 2018 Consolidated Services, Inc. Income Statement Year Ended November 30, 2018 Revenues: Sales revenue $ 304,000 Dividend revenue 11,000 Total revenues $ 315,000 Expenses: Cost of goods sold 103,000 Salaries expense 55,000 Depreciation expense 28,000 Advertising expense 16,000 le to net cash nber in the input fields and Print Done Data Table - X rvices the ico JUICO TOVUTTUU UUTUU 11,000 f cash $ 315,000 the ce to be s nc. Dividend revenue Total revenues Expenses: Cost of goods sold Salaries expense Depreciation expense Advertising expense Interest expense 2018 103,000 55,000 28,000 16,000 6,000 9,000 Income tax expense Total expenses 217,000 98,000 Net income Fields and Print Done * More Info - X Sel lick to ent of g with Additional data: a. Acquisition of fixed assets totaled $117,000. Of this amount, $103,000 was paid in cash; a $14,000 note payable was signed for the remainder. b. Proceeds from the sale of land totaled $22,000. No gain or loss was recognized on the sale. c. Proceeds from issuance of common stock totaled $50,000. d. Payment of long-term note payable was $9,000. e. Payment of dividends was $11,000. f. Data from the comparative balance sheet follow: subtracted.) es, Ind Flows 30, 20 2017 November 30 2018 Current Assets: Cash. ........$ 85,000 Accounts receivable ........ 52,000 Inventory... 52,000 $ 23,000 57,000 40,000 put fields Print Done More Info Tecognized on ne sale. c. Proceeds from issuance of common stock totaled $50,000. d. Payment of long-term note payable was $9,000. e. Payment of dividends was $11,000. f. Data from the comparative balance sheet follow: November 30 2018 2017 $ Current Assets: Cash .................... $ 85,000 Accounts receivable ........ 52,000 Inventory 52,000 Current Liabilities: Accounts payable . . . . . . . . . . $ 41,000 Accrued liabilities 14.000 23,000 57,000 40,000 29,000 Print Done 11-15A (book/static) The income statement and additional data of Consolidated Services, Inc., follow: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Read the requirements. 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 Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining