Edgardo Corporation accountants have assembled the following data for the year ended June 30, 2020: (Click the icon to view the data.) Prepare Edgardo's statement of cash flows for the year ended June 30, 2020. Edgardo Corporation uses the indirect method for operating cash flows. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Edgardo Corporation Inc. Statement of Cash Flows ? For the Year Ended June 30, 2020 Data Net income $? $ 110,000 5,500 36.000 24,000 34,000 223.000 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Increase in current assets other than cash Decrease in current liabilities Subtotal 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 Cost of goods sold. Payment of dividends Other operating expenses Proceeds from the issuance of common shares Purchase of equipment with cash Sales revenue Increase in current liabilities. Increase in current assets other than cash Payment of note payable.. Proceeds from sale of land.. Repurchase of common shares Depreciation expense 11,000 33,000 29,000 26,000 8.000 8,000 Print Done Net increase in cash

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