Use the data in Short Exercise to complete this exercise. In Short Exercise Prepare One Way Cellulars statement of cash flows using the indirect method

Use the data in Short Exercise to complete this exercise.

In Short Exercise

Prepare One Way Cellular’s statement of cash flows using the indirect method for the year ended September 30, 2014. Assume beginning and ending Cash are $ 40,000 and $ 100,900,respectively.

Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock 34,000Net income 20,000 Cash purchase of equipment 6,100 Decrease in current liabilities 55,000 39,000 19,000 14,000 30,000Increase in current assets other than cash