Question: Use the data in Short Exercise S14-5 to complete this exercise. Prepare Winding Road Cellular's statement of cash flows using the indirect method for the

Use the data in Short Exercise S14-5 to complete this exercise. Prepare Winding Road Cellular's statement of cash flows using the indirect method for the year ended April 30, 2018. Assume beginning and ending Cash are $48,000 and $52,200, respectively.
In Short Exercise S14-5
Winding Road Cellular accountants have assembled the following data for the year ended April 30, 2018:

Cash receipt from sale of land Depreciation expense Cash payment of dividends $ 27,000 Net income 2,000 Cash purchase of equipment $ 55,000 44,000 Decrease in current liabilities 20,000 5,800 17,000 Cash receipt from issuance of common stock Increase in current assets other than cash 27,000

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