Use the data in Short Exercise S16-5 to complete this exercise. Prepare Smart Cellular's statement of cash flows using the indirect method for the year ended April 30, 2016. Assume beginning and ending Cash are $23,300 and $54,700, respectively.
In Short Exercise S16-5
Smart Cellular accountants have assembled the following data for the year ended April 30, 2016:

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26,000 Net income Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock 62,000 36,000 18,000 5,000 ncrease in current assets other than cash 26,000 4,000 5,600 Cash purchase of equipment Decrease in current liabilities