Candy, Inc. begun 2018 with cash of $54000. During the year, Candy earned revenue of $600,000 and collected $616,000 from customers. Expenses for the year totaled $428,000, of which Candy paid $211,000 in cash to suppliers and $207,000 in cash to employees. Candy also paid $144,000 to purchase equipment and a cash dividend of $52,000 to its stockholders during 2018. Prepare the companys statement of cash flows for the year ended December 31,2018. Format operating activities by the direct method.

Complete the statement one section at a time, beginning with the cash flows from operating activities. ( use parentheses or a minus sign for numbers to be subtracted. If a box is not used in the statement leave the box empty, do not select a label or enter a zero)

Options:

Candy Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities Receipts Total Cash Receipts Payments Total Cash Payments Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 Candy Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Receipts: Cash Payment for Purchase of Equipment Cash Receipt from Issuance of Stock Cash Receipt from Sale of Land Collections from Customers Increase in Accounts Payable Increase in Accounts Receivable Payment of Dividends Payment of Note Payable Payments to Employees Payments to Suppliers Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 Cash Balance, December 31, 2018