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Cash Balance, Dec. 31, 2016 Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from
Cash Balance, Dec. 31, 2016 Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowing $ 234,000 2,728,440 947,232 545,688 370,656 772,200 3,840,408 3,881,592 658,944 854,568 370,656 10,296,000 Payments for inventory 3,603,600 Payments for wages 3, 809,520 Payments for rent 1,214,928 Payments for interest 2,646,072 Payments for taxes 4,458,168 Payments for machinery Payments for long-term investments Payments for note payable Payments for dividends Payments for treasury stock Balance, Dec. 31, 2017 Exercise 16-18B Part 1 (1) Use this information to prepare a complete statement of cash flows for year 2017. The cash provided or used by operating activities should be reported using the direct method. (Amounts to be deducted should be indicated with a minus sign.)
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