Eagles Corporation Inc

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Eagles Corporation Inc. accountants have assembled the following data for the year ended June 30, 2020: E: (Click the icon to view the year end data.) Prepare Eagles Corporation's statement of cash flows for the year ended June 30, 2020. Eagles uses the indirect method for operating activities. You may stop after determining the net increase or decrease) in cash. .... Begin by completing the cash flows from operating activities, and then complete the cash flows from investing activities and the cash flows from financing activities. (Use parentheses or a minus sign for numbers to be subtracted or a net decrease in cash.) Eagles Corporation Inc. Statement of Cash Flows For the Year Ended June 30, 2020 2 Cash flows from operating activities: Year end data Net income S 6,400 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Increase in current assets other than cash 25,000 224,000 Decrease in current liabilities 33,000 Subtotal 11,000 114,000 Payment of dividends Proceeds from issuance of common shares Sales revenue Increase in operating current assets other than cash....... Repurchase of common shares. Cost of goods sold. Other operating expenses Purchase of equipment. Decrease in operating current liabilities Payment of note payable... Proceeds from sale of land. Depreciation expense 36,000 37,000 11,000 Net cash provided by operating activities Cash flows from investing activities: Purchase of equipment Proceeds from sale of land Net cash by investing activities Cash flows from financing activities: Proceeds from issuance of common shares Payment of note payable Payment of dividends Repurchase of common shares Net cash used for financing activities 26,000 64,000 14,000 Print Done Net increase in cash