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Prepare Alley Equipment's statement of cash flows for the year ended September 30, 2018, using the indirect method. the cash balance for alley equipment inc at September 30 2017 was $12,000.

Net income... Proceeds from issuance of common stock Payment of dividends Increase in current assets other than cash Purchase of treasury stock $ 34,000 Purchase of equipment with cash $ 35,000 18,000 Decrease in current liabilities 7,000 5,700 Payment of long-term note payable 34,000 36,000 Proceeds from sale of land ... 64,000 5,000 Depreciation expense... 20,000 $ 34,000 Alley Equipment, Inc. Statement of Cash Flows Year Ended September 30, 2018 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Decrease in current liabilities Increase in current assets Net cash provided by (used for) operating activities $ 20,000 (7,000) (36,000) (23,000) 11,000 Now complete the cash flows from investing activities. (Use parentheses or a minus sign for numbers to be subtracted.) $ Cash flows from investing activities: Purchase of equipment with cash Proceeds from sale of land Net cash provided by (used for) investing activities (35,000) 64,000 29,000 Next, complete the cash flows from financing activities. (Use parentheses or a minus sign for numbers to be subtracted.) $ Cash flows from financing activities: Payment of dividends Proceeds from issuance of common stock Purchase of treasury stock Payment of long-term note payable Net cash provided by (used for) financing activities (5,700) 18,000 (5,000) (34,000) (26,700) Finally, complete the statement of cash flows. (Use parentheses or a minus sign for numbers to be subtracted.) Net increase (decrease) in cash: 13,300 Cash balance, September 30, 2017 12,000 25,300 Cash balance, September 30, 2018 Alley Equipment's accountants assembled the following data for the year ended September 30, 2018 (Click the icon to view the data.) Prepare Alley Equipment's statement of cash flows for the year ended September 30, 2018, using the indirect method. The cash balance for Alley Equipment, Inc., at September 30, 2017, was $12,000. ERE

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