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P16-40A To prepare the statement of cash flows, accountants for A-Mobile, Inc., you have summarized 2008 activity in the Cash account as follows: Cash Beginning
P16-40A To prepare the statement of cash flows, accountants for A-Mobile, Inc., you have summarized 2008 activity in the Cash account as follows: Cash Beginning balance Issuance of common stock Receipts of incerest revenue Collections from customers 46,100 87,100 Payments of operating expenses 60,800 Payments of salaries and wages67,500 Payment of note payable 308,100 Payment of income tax Paymeats on accounts payable Payment of dividends Payiments of interest 101,600 1,800 21,800 51,500 Ending balance Requirement Prepare A-Mobile's statement of cash flows for the year ended December 31, 2008, using the direct method to report operating activities. Follow the statement format given in Exhibit 16A-3, page 830
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