Chapter 11.2 Project Erickson.xlsx - Statement of cash flows Prepare a statement of cash flows indirect method Elan Corporation accountants have

Chapter 11.2 Project Erickson.xlsx - Statement of cash...

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Statement of cash flows Prepare a statement of cash flows - indirect method Net income $ ? Payment of dividends 6,300 Proceeds from the issuance of common stock 20,000 Sales revenue 223,000 Increase in current assets other than cash 37,000 Purchase of treasury stock 8,000 Cost of goods sold 115,000 Other operating expenses 41,000 Purchase of equipment with cash 36,000 Increase in current liabilities 6,000 Payment of note payable 31,000 Proceeds from sale of land 34,000 Depreciation expense 12,000 Use the blue shaded areas on the ENTERANSWERS tab for inputs. Requirement a. Enter cash inflows as positive values and cash outflows as negative values. b. Check your spelling carefully and do not abbreviate. Saving & Submitting Solution 1 Save file to desktop. a. Create folder on desktop, and label COMPLETED EXCEL PROJECTS 2 Upload and submit your file to be graded. a. b. Click Choose button under step 3; locate the file you just saved and click Open c. Click Upload button under step 3 d. Click Submit button under step 4 Viewing Results
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