Listed below are items taken from the cash flow statement of the Bisque company. This company is just like the company in the previous problem, except that it uses the direct method of reporting operating cash flows.

Use the information shown to create a cash flow statement for the company, using the direct method of reporting cash flows. Show separate totals for the operating, investing, and financing cash flows.

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Cash received from customers Income taxes paid 240,000 20,000 Dividends paid to shareholders Cash received from selling equipment 10,000 10,000 Capital stock repurchased 30,000 Cash paid to vendors for inventory 110,000 Capital expenditures paid in cash 270,000 Cash received from issuing stock 90,000 Salaries paid 30,000 Interest expense paid 10,000 Cash borrowed with note payable 120,000 Beginning cash 42,000 Ending cash 22,000