Use the data in exercise S10-5 to prepare Edwards Corporation's statement of cash flows for the year ended June 30, 2017. Edwards uses the indirect method for operating activities. Use Exhibit 10-8, page 495, as a guide, but you may stop after determining the net increase (or decrease) in cash.
EXHIBIT 10-8
Statement of Cash Flows- Indirect Method

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Bradshaw Corporation Statement of Cash Flows For the Year Ended December 31, 2017 2 (in thousands) 3 Cash flows from operating activities 4 Net income $ 41 Adjustments to reconcile net income to net cash ed by operating activities: 6 (ADepreciation 7 B Gain on sale of property, plant, and equipment Increase in accounts receivable Increase in interest receivable Decrease in invento Increase in prepaid expenses Increase in accounts payable Decrease in salary and wages Decrease i (13) 10 3 11 12 payable n accrued liabilities 27 68 Net cash provided by operating activities 16 Cash flows from financing activities 17 18 19 20 21 Cash flows from financing activiti Acquisition of property, plant, and equipment Loan to another company Proceeds from sale of property, plant (206) , and equipment 62 Net cash used for investing activities (155) es: Proceeds from issuance of common shares Proceeds from issuance of long-term debt Repayment of long-term debt Payment of dividends 23 24 25 26 27 Net decrease in cash 28 Cash balance, December 31, 2016 29 Cash balance, December 31, 2017 30 (17) Net cash provided by financing activities 67 (20) 42 $ 22