Exercise 12-14

The following information is available for Vaughn Manufacturing for 2017.

Cash used to purchase treasury stock		$ 86,580
Cash dividends paid		39,240
Cash paid for interest		40,320
Net income		835,740
Sales revenue		1,443,600
Cash paid for taxes		178,200
Cash received from customers		1,018,980
Cash received from sale of building (at book value)		355,680
Cash paid for operating expenses		138,600
Beginning cash balance		19,800
Cash paid for goods and services		502,380
Cash received from issuing common stock		639,000
Cash paid to redeem bonds at maturity		360,000
Cash paid to purchase equipment		203,760

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).)