23 A1 Preparing the cash flow statement-direct and indirect methods M investing and financing activities. *P17-9B To prepare the cash flow statement, accountants for Craftique Inc. have summarized activity for the year 2020 in two accounts as follows: Cash Beginning balance 64,320 Payments on accounts payable 447,720 Collection of loan 39,600 Payments of dividends 52,640 Sale of investment 31,440 Payments of salaries and wages 172,560 Receipts of interest 39,120 Payments of interest 56,280 Collections from customers 814,440 Purchase of equipment 37,680 Issuance of common shares 33,360 Payments of operating expenses 41,160 Receipts of dividends 25,400 Payment of long-term debt 73,560 Repurchase of common shares 20,280 Payment of income tax 22,680 Ending balance 123,120 *This Problem covers Chapter 17 Annendix tonics