$($Click the icon to view the data.$)$ used in the statement, leave the box empty; do not select a label or enter a zero.$)$

Owl, Inc.

Statement of Cash Flows

Year Ended December $31,2018$

Cash Flows from Operating Activities:

Net Income

Adjustments to Reconcile Net Income to

Net Cash Provided by Operating Activities:

Net Cash Provided by $($Used for$)$ Operating Activities

Owl, Inc.$\text{'}$s accountants have assembled the following data for the year ended December $31,2018$:

$($Click the icon to view the data.$)$

Prepare Owlsatement of cash flows using the indirect method for the year ended December$31,2018$Assume beginning and ending Cash are $$12,000$ and $$75,000$ respectively.

Complete the statement one section at a time, beginning with the cash flows from operating activities. $($Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.$)$

Owl, Inc.

Statement of Cash Flows

Year Ended December $31,2018$

Cash Flows from Operating Activities:

Net Income

Adjustments to Reconcile Net Income to

Net Cash Provided by Operating Activities:

Data table

$\backslash$table$[[$Cash receipt from sale of equipment,$20,000],[$Depreciation expense,$12,000],[$Cash payment of dividends,$4,000],[$Cash receipt from issuance of common stock,$12,000],[$Net income,$30,000],[$Cash purchase of land,$25,000],[$Increase in current liabilities,$10,000],[$Decrease in current assets other than cash,$8,000]]$

Net Cash Provided by $($Used for$)$ Operating Activities