Mike€™s Equipment€™s accountants assembled the following data for the year ended April 30, 2012.

Prepare Mike€™s Equipment€™s statement of cash flows for the year ended April 30, 2012 using the indirect method. The cash balance for Mike€™s Equipment, Inc., at April 30, 2011 was$18,000.

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Net Income Proceeds from issuance of $63,000 Purchase of equipment with cash. Decrease in current liabilities $66,000 4,000 common stock Payment of dividend Increase in current assets 6,000 5,900 Payment of long-term note payable... other than cas . Purchase of treasury stoc. 34,000 Proceeds from sale of land 7,000 Depreciation Expense.. 38,000 .... 69,000 ...23,000