Question: Additional Information on Current-Year Transactions Additional Information on Current-Year Transactions a. No dividends are declared or paid. b. Issued additional stock for $18,000 cash. c.


Additional Information on Current-Year Transactions Additional Information on Current-Year Transactions a. No dividends are declared or paid. b. Issued additional stock for $18,000 cash. c. Purchased equipment for cash; no equipment was sold. 1. Use the above information to prepare a statement of cash flows for the current year using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash flows from operating activities Adjustments to reconcile net income to net cash used in operating activities: Income statement items not affecting cash Cash flows from investing activities Cash flows from financing activities \begin{tabular}{|l|l|l|l|} \hline & & & \\ \hline & & & \\ \hline Cash balance at beginning of year & & & \\ \hline Cash balance at end of year & & 0 \\ \hline \end{tabular}
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