Question: Winding Road Cellular accountants have assembled the following data for the year ended April 30, 2018: Prepare the operating activities section using the indirect method

Winding Road Cellular accountants have assembled the following data for the year ended April 30, 2018:

Prepare the operating activities section using the indirect method for Winding Road Cellular's statement of cash flows 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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