Exercise 12-14

The following information is available for Sheffield Corp. for 2017.

Exercise 12-14 The following information is available for Sheffield Corp. for 2017. 148,629 Cash used to purchase treasury stock Cash dividends paid 67,362 Cash paid for interest 69,216 1,434,687 Net income Sales revenue 2,478,180 Cash paid for taxes 305,910 Cash received from customers 1,749,249 Cash received from sale of building (at book value) 610,584 Cash paid for operating expenses 237,930 Beginning cash balance 33,990 862,419 Cash paid for goods and services 1,096,950 Cash received from issuing common stock Cash paid to redeem bonds at maturity 618,000 Cash paid to purchase equipment 349,788