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please help! I'm stuck on these last three. thank you. Mason Interiors began the year with cash of $51.000. During the year, Mason Interiors earned
please help! I'm stuck on these last three. thank you.
Mason Interiors began the year with cash of $51.000. During the year, Mason Interiors earned service revenue of $406,000. Cash coloctions for the year were $370,000. Expenses for the year were $370.000, with $50,000 of that total paid in cash The company also used cash to purchase equipment for $65,000 and to pay a cash dividend to stockholders of $25.000. During the year, the company also borrowed $48,000 cash by issuing a long-term robe payable Requirement Prepare the company's statement of cash flows using the direct method Purchase of equipment (65.000) Net cash provided by used for investing activities (65,000) Financing Activities: Issued long-term note payable to borrow money 48,000 Payment of dividends (25.000 Net cash provided by used for financing activities Not increase (decrease in cash Cash, beginning of the year Cash, end of the year Step by Step Solution
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