Williams Corporation accountants have assembled the following data for the year ended June 30, 2021:...
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Williams Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click the icon to view the data.) Prepare Williams Corporation's statement of cash flows for the year ended June 30, 2021. The company uses the indirect method for operating activities. Begin by completing the cash flows from operating activities. Then complete the remaining sections of the cash flow statement. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Williams Corporation Statement of Cash Flows (Indirect Method) Year Ended June 30, 2021 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities - X Data Table Net income $ 118,000 31,000 Payment of dividends Proceeds from the issuance of common stock 44,000 Sales revenue $ ? Cost of goods sold 10,000 Other operating expenses 25,000 Purchase of equipment with cash 226,000 Decrease in current liabilities 36,000 Payment of note payable 13,000 Proceeds from sale of land Depreciation expense 14,000 32,000 Decrease in current assets other than cash Purchase of treasury stock 31,000 10,000
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