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Maryland Golf Club, Inc., has assembled the following data for the year ended September 30, 2018 (Click the icon to view the data.) Prepare Maryland
Maryland Golf Club, Inc., has assembled the following data for the year ended September 30, 2018 (Click the icon to view the data.) Prepare Maryland Golf Club's statement of cash flows for the year ended September 30, 2018. The company uses the direct method for operating cash flows. Start by completing the cash flows from operating activities section. Then complete each section of the statement of cash flows. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Maryland Golf Club, Inc. Statement of Cash Flows (Direct Method) Year Ended September 30, 2018 Data Table Cash flows from operating activities: $ 7,000 Cash payments: $ 105,000 Payment of dividends 90,000 Proceeds from issuance 25,000 of common stock 24,000 Cost of goods sold. Payments to suppliers Purchase of equipment with cash Payments to employees Payment of note payable Proceeds from sale of land Depreciation expense 73,000 Sales revenue 213,000 Total cash payments Net cash provided by (used for) operating activities 25,000 Collections from customers 26,000 Payment of income tax 10,000 Purchase of treasury stock ..... 205,000 16,000 5,200 Print Done
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