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#7 again The following information is for Wildcat Corporation for the year ended December 31, 2021. The company had a balance for cash and cash
#7 again
The following information is for Wildcat Corporation for the year ended December 31, 2021. The company had a balance for cash and cash equivalents of $6,200 on January 1, 2021.
Required: Prepare a statement of cash flows for the year using the direct method for operating activities.(Amounts to be deducted should be indicated with a minus sign)
$ 2,000 250 150 790 2,100 Cash Received from: Customers Interest on investments Sale of land Issuance of common stock Issuance of debt securities Cash Paid for: Interest on debt Income tax Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock Operating expenses 350 90 1,600 5,100 1,000 250 550 WILDCAT CORPORATION Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: Net cash flows from operating activities Cash flows from investing activities Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net decrease in cash Cash and cash equivalents, January 1 Cash and cash equivalents, December 31
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