Acct 2301 Summer (2) 2020 Homework: Ch 14 Part 3 - 14-28 (Direct Method) HW Score 0% 0 of 1 Score: 0 of 1 pt 1 of 1 com E14A-28 (similar to) The income statement and additional data of Cobbs Corporation flow Click the loon to view the income Statement) Click the loon to view the additional data) Prepare Cobbs Corporation's statement of cash flow for the year ended une 30, 2018 Uw their box amply do not select a label or entera) Data Table Complete the statement one section at a time, beginning with the cash flows from operating sites Cobb Hill Corporation Statement of Cash Flows Coorporation Year Ended Jun 30, 2018 Income Statement Cash Flows from Operating Activities Year Ended June 10, 2018 Not Sales Revenue Rech Cost of Goods Sold Gross Profit Operating person Salaries Expense $ Cash Recipes Depreciation Expense-Parte Payment: Advertising Expense Tot Operating Experts Operating home One come and per Dividende 30 000 2000 9.500 1.500 2.000 500 Total Cash Payments Nel Cash Provided by (Used for Operating Activities Total Other Income and Notice Borenom Income To Expert Not income od . 30.00 Choose from any list or enter any number in the input fields and then click Check Answer Crec Arwer Done 3 parts remaining HW Score: 0%, ew the additional data.) Question Help 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 activities. More Info a. b. C. d. e. f. Collections from customers are $17,000 more than sales. Dividend revenue, interest expense, and income tax expense equal their cash amounts. Payments to suppliers are the sum of cost of goods sold plus advertising expense Payments to employees are $1,000 more than salaries expense. Cash payment for the acquisition of plant assets is $103,000. Cash receipts from sale of land total $23,000. Cash receipts from issuance of common stock total $30,000. Payment of long-term notes payable is $11,000 Payment of dividends is $10,000, Cash balance at June 30, 2017. was 28,000; at June 30, 2018, it was $40,500 g. h. i. 1. Print Done