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Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a
Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) PLEASE IGNORE WHAT IS ON THE STATEMENT, MAY BE INCORRECT
The following information is available for Whispering Winds Corp. for 2022. Cash used to purchase treasury stock $ 122,655 Cash dividends paid 55,590 Cash paid for interest 57,120 Net income 1,183,965 Sales revenue 2,045,100 Cash paid for taxes 252,450 Cash received from customers 1,443,555 Cash received from sale of building (at book value) 503,880 Cash paid for operating expenses 196,350 Beginning cash balance 28,050 Cash paid for goods and services 711,705 Cash received from issuing common stock 905,250 Cash paid to redeem bonds at maturity 510,000 Cash paid to purchase equipment 288,660 Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Whispering Winds Corp. Statement of Cash Flows-Direct Method Cash Flows from Operating Activities Cash Receipts from Customers $ Less Cash Payments For Goods and Services $ For Operating Expenses For Interest For Income Taxes > Cash Flows from Operating Activities Cash Flows from Investing Activities Sale of Building Purchase of Equipment Net Cash Provided by Investing Activities Cash Flows from Financing Activities Issuance of Common Stock Payment of Cash Dividend For Interest Cash Paid to Redeem Bonds at Maturity Payment of Cash Dividend For Interest Cash Paid to Redeem Bonds at Maturity Net Cash Provided by Financing Activities Cash Flows from Financing Activities Cash at Beginning of Period V Cash at End of Period $Step by Step Solution
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