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Exercise 12-14 The following information is available for Sunland Company for 2017. Cash used to purchase treasury stock $ 151,996 Cash dividends paid 68,888 Cash

Exercise 12-14 The following information is available for Sunland Company for 2017. Cash used to purchase treasury stock $ 151,996 Cash dividends paid 68,888 Cash paid for interest 70,784 Net income 1,467,188 Sales revenue 2,534,320 Cash paid for taxes 312,840 Cash received from customers 1,788,876 Cash received from sale of building (at book value) 624,416 Cash paid for operating expenses 243,320 Beginning cash balance 34,760 Cash paid for goods and services 881,956 Cash received from issuing common stock 1,121,800 Cash paid to redeem bonds at maturity 632,000 Cash paid to purchase equipment 357,712 Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Sunland Company Statement of Cash FlowsDirect Method $ : $ $

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