Chapter 11 Homework Exercises Due Wednesday by 11:59pm Points 10 Submitting an external tool Available after Jun 1 at 12am ACCT 2010 Summer 5W1 2020 Homework: Chapter 11 Homework Exercises Score: 0 of 10 pts 6 of 6 (4 complete) S11-7 (similar to) Emest Corporation accountants have assembled the following data for the year ended June 30, 2018 (Click the icon to view the data) Prepare Emest Corporation's statement of cash flows for the year ended June 30, 2016. The company uses the indirect method for operating activities Begin by completing the cash flows from operating activities. Then complete the remaining sections of the cash flow statement. (Use parentheses or a mission for to be subtracted and for a net decrease in Emest Corporation Data Table Statement of Cash Flows (Indirect Method) Year Ended June 30, 2018 Cash flows from operating activities! Net Income 37 Cost of goods sold $ 119.000 Net Income Payment of dividends 6200 Other operating expenses 39.000 Adjustments to reconcile net income to Proceeds from the issuance Purchase of equipment net cash provided by used for) operating activities of common stock 18.000 with cash Sales revenue 228.000 Increase in current 7.000 Decrease in current assets Payment of note payable 28.000 other than cash 32.000 Proceeds from sale of land 25.000 11 000 Net cash provided by (used for) operating activities Purchase of treasury stock 4,000 Deprecationespense DOO Choose from any list or enter any number in the input fields and then click Check Answer Print Done 2 Pemaining