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08-01-2024
Computers and Technology

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

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

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.

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