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the second image is just the beginning of the statement of cash flows. Statement of cash flows Prepare a statement of cash flows indirect method

image text in transcribedimage text in transcribedthe second image is just the beginning of the statement of cash flows.image text in transcribed

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 6,300 Proceeds from the issuance of common stock 20,000 Sales revenue 223,000 Increase in current assets other than cash 37,000 Purchase of treasury stock 8,000 Cost of goods sold 115,000 Other operating expenses 41,000 Purchase of equipment with cash 36,000 Increase in current liabilities 6,000 Payment of note payable 31,000 Proceeds from sale of land 34,000 Depreciation expense 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. Elan Corporation Statement of Cash Flows (partial) Year ended June 30, 2018 June 30, 2018 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 rovided by operating activities: 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

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