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Amazing Spas began 2018 with cash of ( $ 110,000 ). During the year, Amazing Spas eamed service revenue of ( $ 598,000 ) and
Amazing Spas began 2018 with cash of \\( \\$ 110,000 \\). During the year, Amazing Spas eamed service revenue of \\( \\$ 598,000 \\) and collected \\( \\$ 650,000 \\) from customers. Expenses for the year totaled \\( \\$ 402,000 \\), of which Amazing Spas paid \\( \\$ 370,000 \\) in cash to suppliers and employees. Amazing Spas also paid \\( \\$ 149,000 \\) to purchase equipment and paid a cash dividend of \\( \\$ 50,000 \\) to its stockholders during 2018. Prepare the company's statement of cash flows for the year ended December 31, 2018. Format cash flows from operating activities by the direct method. Start by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted.)
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