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The records of Contemporary Color Engraving reveal the following: (Click the icon to view the records.) Compute cash flows from operating activities by the indirect
The records of Contemporary Color Engraving reveal the following: (Click the icon to view the records.) Compute cash flows from operating activities by the indirect method for year ended December 31, 2018. (Use a minus sign or parentheses for amounts that result in a decrease in cash and to show net cash used for operating activities. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Contemporary Color Engraving Statement of Cash Flows (Partial) Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: $ 38,000 2,000 Depreciation Expense Loss on Sale of Land 8,000 Increase in Current Assets Other than Cash (11,000) (20,000) Decrease in Current Liabilities (10000) Net Cash Provided by (Used for) Operating Activities 28000 Data Table Net income $ 2,000 Sales revenue $ 38,000 Depreciation expense 48,000 Decrease in current liabilities Increase in current assets other 8,000 than cash 20,000 Loss on sale of land 11,000 Acquisition of land 45,000 Print Done CH
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