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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
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: i Data Table - Net Cash Provided by (Used for) Operating Activities Net income 38,000 Depreciation expense $ 3,000 Sales revenue 50,000 Decrease in current liabilities 23,000 Loss on sale of land 7,500 Increase in current assets other than cash 8,000 Acquisition of land 44,000 Print Done
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