46 REGIS BE6-18. Statement of Cash Flo Statement of Cash Flows, Direct Method. A list of cash receipts and cashm ents for Tucson Telecom munications follows. Compute cash flows from operating activities under the direct reportine format Cash Receipts and Payments Cash collected from customers Cash paid to suppliers Cash receipts from borrowing Cash paid to purchase equipment Cash paid for taxes Cash receipts from issuing equity Cash payments for property, plant, and equipment Cash payments for loans made Cash payments on principal on debt Cash payments for dividends Cash paid for interest Cash receipts from interest Amount $1.971,300 $860,740 445,000 347000 244,300 236,900 145,600 56,096 50,700 6,500 4,300 480 Statements of Financial Position and Cash Flows and the Annual Report 279 BE6-24. Statement of Cash Flows, Direct Method. Identify and compute the cash flow related to each item on the following income statement. Use the direct method. Balance Sheet Accounts Income Statement Accounts Beginning Balance - a. Accounts Receivable b. Prepaid Insurance c. Inventory d. Accounts Payable e. Taxes Payable $1,035 400 5,461 4,312 3,009 Ending Balance $1,123 Sales + 5147 insurance Expense 6,7237 Cost of Goods Sold 5,125 2,400 , Tax Expense $35,678 1,346 34,762 45,098