Use the data in Short Exercise S-F:14A-12 and your results. Prepare the business’s complete statement of cash flows for the year ended June 30, 2024, using the direct method for operating activities.

Data from S-F:14A-12

Amy’s Learning Center has assembled the following data for the year ended June 30, 2024:

Prepare the operating activities section of the business’s statement of cash flows for the
year ended June 30, 2024, using the direct method.

Transcribed Image Text:

Payments to suppliers Cash payment for purchase of equipment Payments to employees Payment of notes payable Payment of dividends Cash receipt from issuance of stock Collections from customers Cash receipt from sale of land Cash balance, June 30, 2023 $ 115,000 39,000 66,000 34,000 7,500 22,000 188,000 58,000 41,000