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8A. Warner Island, Inc. began 2024 with cash of $30,000. During the year, Warner Island earned revenue of $230,000 and collected $80,000 from customers. Expenses

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8A. Warner Island, Inc. began 2024 with cash of $30,000. During the year, Warner Island earned revenue of $230,000 and collected $80,000 from customers. Expenses for the year totaled $137,000, of which Warner Island paid $25,000 in cash to suppliers and $90,000 in cash to employees. The company received $2,300 cash for interest revenue and paid $7,000 for income taxes. Warner Island also paid $40,000 to purchase equipment and a cash dividend of $28,000 to its stockholders during 2024. Prepare the company's operating activities section of the statement of cash flows for the year ended December 31, 2024. Use the direct method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) 8A. Warner Island, Inc. began 2024 with cash of $30,000. During the year, Warner Island earned revenue of $230,000 and collected $80,000 from customers. Expenses for the year totaled $137,000, of which Warner Island paid $25,000 in cash to suppliers and $90,000 in cash to employees. The company received $2,300 cash for interest revenue and paid $7,000 for income taxes. Warner Island also paid $40,000 to purchase equipment and a cash dividend of $28,000 to its stockholders during 2024. Prepare the company's operating activities section of the statement of cash flows for the year ended December 31, 2024. Use the direct method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.)

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