Question: Use the data in Short Exercise to prepare Ethan Corporations statement of cash flows for the year ended June 30, 2010. Ethan uses the indirect

Use the data in Short Exercise to prepare Ethan Corporations statement of cash flows for the year ended June 30, 2010.

Ethan uses the indirect method for operatingactivities.

Net in Payment of dividends Proceeds from the issuance ? Cost of goods sold 5,600 Other operating expenses $116,000 33,000 Purchase of equipment 7,000 32,000 228,000 Payment of note payable ales revenue Decrease in current assets other than cash 35,000 Depreciation expense.. 11,000 Purchase of treasury stock. 6,000

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