Harlan Mining Co$.$ has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows.

Financial statements of Harlan Mining Co$.$ for $2019$ and $2018$ are provided below.

BALANCE SHEETS

INCOME STATEMENT

$1$ Dividends for the year $2019$ were $$192,000.$

$2$ During the year, equipment was sold for $$240,000.$ This equipment cost $$352,000$ originally and had a book value of $$288,000$ at the time of sale.

$3$ Depreciation expense, $$80,000,$ is in the selling expense category.

Questions relate to a statement of cash flows $($indirect method$)$ for the year ended December $31$st$,2019,$ for Harlan Mining Company.

a$)$ Cash received from customers $=$

b$)$ Cash paid to purchase inventory $=$

c$)$ Cash paid as selling& admin. Expenses $=$

d$)$ Cash paid as taxes

Calculate net cash provided by operating activities using the direct method

Enter your answer

Enter your answer

Enter your answer

Enter your answer