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Current Attempt in Progress The following information is available for Sheffield Corporation for the year ended December 31, 2018. Cash used to reacquire preferred shares
Current Attempt in Progress The following information is available for Sheffield Corporation for the year ended December 31, 2018. Cash used to reacquire preferred shares Cash dividends pald $58,300 22,100 Cash paid for interest 23,000 Net Income 469,900 Sales 801,000 Cash paid for income tax 91.000 Cash received from customers 566,600 203,000 74,000 103.000 11,400 Cash received as proceeds from disposal of building Cash paid for operating expenses Cash paid to employees Beginning cash balance Cash paid to suppliers Cash received from issuing common shares Cash paid to redeem bonds at maturity Cashpald to purchase equipment Ending cash balance 183,700 380,000 225,000 114,800 266,100 Prepare a statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a sign 6.3.-15,000 or in parentheses (15,000)) Prepare a statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a-sis parenthesis es. (15,000).) SHEFFIELD CORPORATION Statement of Cash Flows Cash Payments
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