uge Learning - Google Chrome CakeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Calculator Instructions Cash Flows Instructions fou Mahamane Prepare a statement of cash flows under the indirect method. Use a minus to indicate any decreases in cash or cash outflows. Gains and Losses on the sale of Long-Term Assets The income statement for Dreamweaver Sports Camp follows. Assume that all revenues and expenses were for cash and that land was sold for $500. There were no other investing or financing activities during the year. The Cash balances at the beginning and end of the year were $100 and $1,030, respectively. Dreamweaver Sports Camp Income Statement For Year Ended December 31, 20-2 Sales (all cash) $1,920 1,490 Wages expense (all cash) Operating income $430 Gain on sale of land 100 Net income $530 &takeAssignmentSessionLocator=&inprogress=false -Book Show Me How Calculator Instructions Cash Flows Instructions Cash Flows er air Prepare a statement of cash flows under the indirect method. Use a minus to indicate any decreases in cash or cash outflows. Dreamweaver Sports Camp Statement of Cash Flows For Year Ended December 31, 20-2 o Cash flows from operating activities: Net income 530 Less gain on sale of land el Net cash provided by operating activities Investing activities: Sold land Net increase in cash $ Cash, January 1, 20-2 Cash, December 31, 20-2 Previous