Williams Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click...
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Williams Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click the icon to view the data.) Prepare the operating activities section of Wiliams' statement of cash flows for the year ended June 30, 2021. The company 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.) Williams Corporation Statement of Cash Flows (Indirect Method) Year Ended June 30, 2021 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities Depreciation Increase in current assets other than cash Decrease in current liabilities Net cash provided by (used for) operating activities 67,000 $ 10,000 36,000 32.000 99.000 Data table Net income $? Cost of goods sold $110,000 Payment of dividends 5,900 Other operating expenses 33,000 Proceeds from the issuance of common stock Sales revenue Increase in current assets other than cash Purchase of treasury stock 40,000 Payment of note payable 5,000 Proceeds from sale of land Depreciation expense 18,000 Purchase of equipment with cash 225,000 Decrease in current liabilities 45,000 12,000 27,000 33,000 10,000 Print Done Williams Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click the icon to view the data.) Prepare the operating activities section of Wiliams' statement of cash flows for the year ended June 30, 2021. The company 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.) Williams Corporation Statement of Cash Flows (Indirect Method) Year Ended June 30, 2021 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities Depreciation Increase in current assets other than cash Decrease in current liabilities Net cash provided by (used for) operating activities 67,000 $ 10,000 36,000 32.000 99.000 Data table Net income $? Cost of goods sold $110,000 Payment of dividends 5,900 Other operating expenses 33,000 Proceeds from the issuance of common stock Sales revenue Increase in current assets other than cash Purchase of treasury stock 40,000 Payment of note payable 5,000 Proceeds from sale of land Depreciation expense 18,000 Purchase of equipment with cash 225,000 Decrease in current liabilities 45,000 12,000 27,000 33,000 10,000 Print Done
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