J10 C D E F G H Following is information of cash transaction of ABC Corp. for the year of 2019. Prepare a statement of cash flow using direct method. 2 Cash receipts from customers $700,000.00 3 Cash payment to suppliers $200,000.00 4 Cash payment for operating expenses $100,000.00 5 Cash payment for interest expense $50,000.00 6 Cash payment for income taxes $49,000.00 7 Csah received from sale of equipment $10,000.00 8 Cash payment for purchase of building $250,000.00 9 Cash payment for purchase of equipment $50,000.00 10 Cash received from issuance of common stock $30,000.00 11 Payment of cash dividends $50,000.00 12 Cash at beginning of period $25,000.00 ABC Corp. Statement of Cash Flows - Direct Method For the Year Ended December 31, 2019 20 Cash flows from operating activities 21 Cash receipts from customers 22 Less: Cash payments 23 To suppliers 24 For operating expenses 25 For interest expense 26 For income taxes 27 Net cash provided by opeating activities 28 Cash flows from investing activities 29 Sale of equipment 30 Purchase of building 31 Purchase of equipment 32 Net cash used by investing activities 33 Cash flows from financing activities 34 Issuance of common stock 35 Payment of cash dividends 36 Net cash used by financing activities 37 Net increase in cash 38 Cash at beginning of period 39 Cash at end of period 40 Sheet1 Type here to search OR