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Williams Corporation accountants have assembled the following data for the year ended June 30, 2020: (Click the icon to view the data.) Prepare Williams' statement
Williams Corporation accountants have assembled the following data for the year ended June 30, 2020: (Click the icon to view the data.) Prepare Williams' statement of cash flows for the year ended June 30, 2020. Williams Corporation uses the indirect method for operating cash flows. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Net income. Cost of goods sold.... $? .. $ 116,000 Payment of dividends.... 6,100 Other operating expenses.. 34,000 Proceeds from the issuance of common shares 18,000 Purchase of equipment with cash. 42,000 Sales revenue.. 225,000 Increase in current liabilities.. 10,000 Increase in current assets other than cash 29,000 Payment of note payable..... 30,000 Proceeds from sale of land.. 27,000 Danurahan of common charne 7.000 Cost of goods sold www $ 116,000 Payment of dividends 6,100 Other operating expenses...... 34,000 Proceeds from the issuance of common shares 18,000 Purchase of equipment with cash........ 42,000 Sales revenue.. 225,000 Increase in current liabilities. 10,000 Increase in current assets other than cash 29,000 Payment of note payable... 30,000 Proceeds from sale of land. 27,000 Repurchase of common shares... 7,000 Depreciation expense 5,000
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