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Prepare a statement of cash flows using the direct method. The following information is available for Splish Brothers Inc. for 2022. Cash used to purchase
Prepare a statement of cash flows using the direct method.
The following information is available for Splish Brothers Inc. for 2022. Cash used to purchase treasury stock $ 124,579 Cash dividends paid 56,462 Cash paid for interest 58,016 Net income 1,202,537 Sales revenue 2,077,180 Cash paid for taxes 256,410 Cash received from customers 1,466,199 Cash received from sale of building (at book value) 511,784 Cash paid for operating expenses 199,430 Beginning cash balance 28,490 Cash paid for goods and services 722,869 Cash received from issuing common stock 919,450 Cash paid to redeem bonds at maturity 518,000 Cash paid to purchase equipment 293,188Step by Step Solution
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