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Please assist Licorice, Inc. began 2018 with cash of $59,000. During the year, Licorice earned revenue of $600,000 and collected $618,000 from customers. Expenses for

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Licorice, Inc. began 2018 with cash of $59,000. During the year, Licorice earned revenue of $600,000 and collected $618,000 from customers. Expenses for the year totaled $427,000, of which Licorice paid $211,000 in cash to suppliers and $206,000 in cash to employees. Licorice also paid $147,000 to purchase equipment and a cash dividend of $51,000 to its stockholders during 2018. Prepare the company's statement of cash flows for the year ended December 31, 2018. Format operating activities by the direct method. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash.) If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Licorice Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Receipts: Collections from Customers Total Cash Receipts Payments: Clear all Final check Help me solve this Demodocs example Get more help

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