Find Cash and cash equivalents at the beginning of period

Cash and cash equivalents at the end of the period

Statement of Cash Flows For Health and Wellness Center

For the Year ended 2022 (Direct Method)

Cash flows from operating activities:

Cash receipt from customers $2,000,000

Cash paid to suppliers (300,000)

Cash paid to employees (600,000)

Cash generated from operations 1,100,000

Interest paid (100,000)

Income taxes paid (400,000)

Net cash from operating activities $600,000

Cash flows from investing activities:

Purchase of property, plant, and equipment (200,500)

Proceeds from sale of equipment 100,000

Net cash used in investing activities (100,500)

Cash flows from financing activities:

Proceeds from issuance of common stock $1,500,000

Proceeds from issuance of long-term debt 500,000

Principle payments under capital lease obligation (20,000)

Dividends paid (200,000)

Net cash used in financing activities $1,780,000

Net increase in cash and cash equivalents $2,279,500

Cash and cash equivalents at the beginning of period

Cash and cash equivalents at the end of the period