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Additional Question 7.3 The following information is available for Washington Mills Corporation for the year ending 31 December 2017. Beginning cash balance $36,830 Payment for

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Additional Question 7.3 The following information is available for Washington Mills Corporation for the year ending 31 December 2017. Beginning cash balance $36,830 Payment for goods & services $934,477 Cash at the end of the period 900,994 Payment for loan 669,600 Cash received from customers 1,895,370 Proceeds from the issue of shares 1,188,605 Cash used to purchase treasury shares 161,050 Proceeds from the sale of building 661,600 Dividends paid 72,991 Cash purchase of equipment 379,014 Interest paid 74,999 Sales 2,685,240 Net profit 1,554,560 Taxes paid 331,470 Operating expenses paid 257,810 Prepare a statement of cash flows using the direct method. (Show amounts that decrease cash flow with eith Washington Mills Corporation Statement of Cash Flows Cath at the end of the period

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