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1 Click the icon to view the additional data.) Prepare Value Corporation's statement of cash flows for the year ended June 30, 2016. Use the direct method. (Use pa empty, do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. rk 5016(5 complete) Data Table Value Corporation Income Statement Year Ended June 30, 2016 30 d If a S 231,000 106,000 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses 125,000 Salaries Expense Depreciation Expense-Plant Assets Advertising Expense Total Operating Expenses 5 40,000 25,000 14.000 79.000 46.000 Operating Income Other Revenues and (Expenses) PrintDone Oo 10 ork 5 of 6 (5 complete) More Info tra a. Collections from customers are $17,000 more than sales. b. Dividend revenue, interest expense, and income tax expense equal their cash amounts. Payments to suppliers are the sum of cost of goods sold plus advertising expense c. d. Payments to employees are $2.500 more than salaries expense e. Cash payment for the acquisition of plant assets is $104.000 f. Cash receipts from sale of land total $29,000 g Cash receipts from issuance of common stock total $36,000 h. Payment of long-term notes payable is $11 000 Payment of dividends is $10.000 . Cash balance at June 30, 2015 was $25 000 at June 30 2016. it was $47 000 Print Done Oo 1 Click the icon to view the additional data.) Prepare Value Corporation's statement of cash flows for the year ended June 30, 2016. Use the direct method. (Use pa empty, do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. rk 5016(5 complete) Data Table Value Corporation Income Statement Year Ended June 30, 2016 30 d If a S 231,000 106,000 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses 125,000 Salaries Expense Depreciation Expense-Plant Assets Advertising Expense Total Operating Expenses 5 40,000 25,000 14.000 79.000 46.000 Operating Income Other Revenues and (Expenses) PrintDone Oo 10 ork 5 of 6 (5 complete) More Info tra a. Collections from customers are $17,000 more than sales. b. Dividend revenue, interest expense, and income tax expense equal their cash amounts. Payments to suppliers are the sum of cost of goods sold plus advertising expense c. d. Payments to employees are $2.500 more than salaries expense e. Cash payment for the acquisition of plant assets is $104.000 f. Cash receipts from sale of land total $29,000 g Cash receipts from issuance of common stock total $36,000 h. Payment of long-term notes payable is $11 000 Payment of dividends is $10.000 . Cash balance at June 30, 2015 was $25 000 at June 30 2016. it was $47 000 Print Done Oo

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