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Motown Golf Club, Inc., has assembled the following data for the year ended September 30, 2021: (Click the icon to view the data.) Prepare the
Motown Golf Club, Inc., has assembled the following data for the year ended September 30, 2021: (Click the icon to view the data.) Prepare the operating activities section of Motown Golf Club's statement of cash flows for the year ended September 30, 2021. The company uses the direct method for operating cash flows. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Motown Golf Club, Inc. Statement of Cash Flows (Direct Method) Year Ended September 30, 2021 Data table Cost of goods sold Cash flows from operating activities: Cash payments: Total cash payments Net cash provided by (used for) operating activities $ 101,000 Payment of dividends 7,000 Payments to suppliers Purchase of equipment with cash Payments to employees Payment of note payable Proceeds from sale of land 112,000 Proceeds from issuance 44,000 of common stock 76,000 Sales revenue 17,000 Depreciation expense 30,000 Collections from customers 61,000 Payment of income tax 13,000 Purchase of treasury stock 220,000 192,000 12,000 5,800 Print Done
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