Question: (Learning Objective 3: Prepare operating cash flowsindirect method) Eldred Corporation accountants have assembled the following data for the year ended June 30, 2012: Net income
(Learning Objective 3: Prepare operating cash flowsindirect method) Eldred Corporation accountants have assembled the following data for the year ended June 30, 2012:
| Net income | $ ? |
| Payment of dividends | 5,500 |
| Proceeds from the issuance of common stock | 15,000 |
| Sales revenue | 222,000 |
| Increase in current assets other than cash | 32,000 |
| Purchase of treasury stock | 8,000 |
| Cost of goods sold | $114,000 |
| Other operating expenses | 39,000 |
| Purchase of equipment | 37,000 |
| Increase in current liabilities | 11,000 |
| Payment of note payable | 29,000 |
| Proceeds from sale of land | 31,000 |
| Depreciation expense | 6,000 |
Prepare the operating activities section of Eldreds statement of cash flows for the year ended June 30, 2012. Eldred uses the indirect method for operating cash flows. PLEASE CHART ON COMPUTER. NO HAND WRITTEN DATA PLEASE! THANK YOU.
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