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Medway Golf Club, Inc., has assembled the following data for the year ended September 30, 2021: (Click the icon to view the data.) Prepare
Medway Golf Club, Inc., has assembled the following data for the year ended September 30, 2021: (Click the icon to view the data.) Prepare Medway Golf Club's statement of cash flows for the year ended September 30. 2021. 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.) Medway Golf Club, Inc. Statement of Cash Flows (Direct Method) Year Ended September 30, 2021 Cash flows from operating activities: Collections from customers Cash payments: Payments to suppliers Payments to employees Payment of income tax Total cash payments Net cash provided by (used for) operating activities 202,000 $ (110,000) (72,000) (8,000) (190,000) 12,000
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