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Winding Road Cellular accountants have assembled the following data for the year ended April 30, 2024: (Click the icon to view the data.) Prepare Winding
Winding Road Cellular accountants have assembled the following data for the year ended April 30, 2024: (Click the icon to view the data.) Prepare Winding Road Cellular's statement of cash flows using the indirect method for the year ended April 30, 2024. Assume beginning and ending Cash are $48,000 and $52,200, respectively. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty: do not select a label or enter a zero.) Winding Road Cellular Statement of Cash Flows Data Table Year Ended April 30, 2024 Cash Flows from Operating Activities: Net Income Cash receipt from sale of land $ 27,000 Net Income 55.000 Adjustments to Reconcile Net Income to Depreciation expense 2,000 Cash purchase of equipment 44.000 Cash payment of dividends 5,800 Net Cash Provided by Operating Activities: Decrease in current liabilities 20.000 Cash receipt from issuance of common stock Increase in current assets other than cash 27.000 17.000 Print Done Net Cash Provided by (Used for) Operating Activities
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