Loans made to borrowers... Proceeds from short-term borrowing f cation and the The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the current year ended December 31. Cash and cash equivalents, Jan. 1. Cash and cash equivalents, Dec. 31. Cash paid to acquire plant assets $ 35,800 74,800 21,000 10,000 5,000 4,000 Interest and dividends received Collections on loans (excluding interest) 27,000 795,000 Cash received from customers 9,000 Proceeds from sales of plant assets 55,000 Dividends paid 635,000 Cash paid to suppliers and employees 19,000 Interest paid .... 71,000 Income taxes paid 607 Using this information, prepare a statement of cash flows. Include a proper heading for the finan- cial statement, and classify the given information into the categories of operating activities, invest- ing activities, and financing activities. Determine net cash flows from operating activities by the direct method. Place brackets around the dollar amounts of all cash disbursements. Exercise 13.7 Help Video: Prepare A Cash Flow Statement | Indirect Method WYOMING OUTFITTERS, INC. Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities: Cash received from customers Interest and dividends received Cash provided by operative Cash paid to suppliers and employees Interest paid Income taxes paid Cash disbursed for operating activities Net cash flow from operating activities Cash flows from investing activities: Proceeds from sales of plant assets Collections on loans Cash paid to acquired plant assets Loans made to borrowers Net cash used for investing activities Cash flows from financing activities Proceeds from short term borrowing Net cash used for financing activities Net increase in cash and cash equivalents Cash and cash equivalents, January 1, 20 Cash and cash equivalents, December 31,