Allure Digital Services, Inc., has provided the following data feom the company's records for the year just ended December 31:

Requirements:

1. Prepare the statement of cash flows for Allure Digital Services, Inc., using the direct method for cash flows from operations. Note that you will need to calculate the ending balance of cash and cash equivalents. Include a schedule of noncash investibg and financing activites.

2. Evaluate Allure's cash flows for the year. Discuss each of the categories of cash flows in your response.

Here are the drop down bars for each section:

q. Payment of cash dividends ........$ 28,500 r. Collections of accounts receivable....... $ 572,000 S. Amortization expense......................... $ 3,900 t. Payments on long-term notes payable..... ... $ 45,500 u. Interest expense and payments . $ 12,600 v. Purchase of equipment by issuing common stock to seller........$ 17,500 w. Payment of salaries ....... . . . . . . . . . . . . . . . $ 74,800 x. Proceeds from sale of plant assets ....................... $ 24,100 y. Loss on sale of plant assets 3,800 z. Cash and cash equivalents balance, beginning of year... ...$ 25,400 Print Done Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to be subtracted or for a net cash outflow. Allure Digital Services, Inc. Statement of Cash Flows (Direct Method) For the Year Ended December 31 Operating Activities: HHH Net cash provided by (used for) operating activities Investing Activities: Net cash provided by (used for) investing activities Financing Activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Cash, beginning of the year Net increase (decrease in cash Cash, beginning of the year Cash, and of the year Noncash investing and financing transactions Total noncash investing and financing activities Requirement 2. Evalul Allure's cash flows for the year. Discuss each of the categories of cash flows in your response The year was a year from a cash flow standpoint. Operations cash, and the company was The business in plants and there, which general bodies for the future to see new stock, which means the stockholders faith in the company Choose from any list or enter any number in the input fields and the continue to the next question Operating Activities: Cash dividends received Cash payments for interest Cash payments for taxes Cash payments to employees for salaries and wages Cash payments to suppliers for inventory Cash receipts from customers Cash receipts from interest Cash received from issuing common stock Cash received from issuing long-term note payable Cash used to pay dividends for Cash used to purchase plant assets Cash used to repay long-term debt Depreciation expense Loss on sale of plant assets Chi Payment of short-term note payable by issuing common stock Droccode from cale of Innn torm invoetmont nuet Operating Activities: wasir paymems Turmerest Cash payments for taxes Cash payments to employees for salaries and wages Cash payments to suppliers for inventory Cash receipts from customers Cash receipts from interest Cash received from issuing common stock Cash received from issuing long-term note payable Cash used to pay dividends Cash used to purchase plant assets Cash used to repay long-term debt Depreciation expense Loss on sale of plant assets Payment of short-term note payable by issuing common stock Proceeds from sale of long-term investment Chi Proceeds from sale of plant assets Purchase of equipment by issuing common stock to seller nuet