Equestrian WorldEquestrian World

Horse Farms, Inc., began

2018

with cash of

$104,000.

During the year,

Equestrian WorldEquestrian World

earned service revenue of

$592,000

and collected

$480,000

from customers. Expenses for the year totaled

$325,000,

with

$310,000

paid in cash to suppliers and employees.

Equestrian WorldEquestrian World

also paid

$142,000

to purchase equipment and paid a cash dividend of

$47,000

to stockholders. During

2018,

Equestrian WorldEquestrian World

borrowed

$21,000

by issuing a note payable. Prepare the company's statement of cash flows for the year ending December 31,

2018.

Format operating activities using the direct method.

Start by completing the cash flows from operating activities. Then complete the rest of the statement of cash flows. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.)

Equestrian World Horse Farms, Inc.
Statement of Cash Flows (Direct Method)
Year Ended December 31, 2018
	Cash flows from operating activities:
	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

Choose from any list or enter any number in the input fields and then continue to the next question.