Questi Homework: Chapter 11 Homework The income statement and additional data of Wonderful World, Inc., follow: Click the icon to view the income statement.) (Click the icon to view the additional Read the requirements. Wonderful World, Inc. Statement of Cash Flows (Direct Method) Year Ended June 30, 2021 Cash flows from operating activities: Receipts: Collections from customers Collection of dividend revenue Total cash receipts Payments: To suppliers To employees For income tax For interest Total cash payments Net cash provided by (used for) operating activities Help me solve this Calculator Get more help More info Additional data: a. Collections from customers are $14,500 more than sales. b. Payments to suppliers are $1,400 less than the sum of cost of goods sold plus advertising expense. c. Payments to employees are $1,800 less than salary expense. d. Dividend revenue, interest expense, and income tax expense equal their cash amounts. e. Acquisition of plant assets is $169,000. Of this amount, $109,000 is paid in cash and $60,000 is financed by signing a long-term note payable. f. Proceeds from the sale of land totaled $22,000. g. Proceeds from the issuance of common stock totaled $40,000. h. Payment of a long-term note payable is $13,000. i. Payment of dividends is $9,500. j. Cash balance, June 30, 2020, was $23,000. Print Done Question 4, E11-26A (si... HWS Data table Wonderful World, Inc. Income Statement Year Ended June 30, 2021 $ 265,000 10,500 $ 275,500 Revenues: Sales revenue Dividend revenue Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense 112,000 70,000 31,000 12,000 2,500 11,000 Income tax expense 238,500 $ 37,000 Net income Print Done Income Statement l World Flows Requirements - X pre than sales the sum of cost of good June 3 an salary expense. come tax expense equa 1. Prepare Wonderful World's statement of cash flows and accompanying schedule of noncash investing and financing activities. Report operating activities using the direct method. 2. Evaluate the company's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation his amount, $109,000 prm note payable. poo. ck totaled $40,000 1,000 Print Done Done Questi Homework: Chapter 11 Homework The income statement and additional data of Wonderful World, Inc., follow: Click the icon to view the income statement.) (Click the icon to view the additional Read the requirements. Wonderful World, Inc. Statement of Cash Flows (Direct Method) Year Ended June 30, 2021 Cash flows from operating activities: Receipts: Collections from customers Collection of dividend revenue Total cash receipts Payments: To suppliers To employees For income tax For interest Total cash payments Net cash provided by (used for) operating activities Help me solve this Calculator Get more help More info Additional data: a. Collections from customers are $14,500 more than sales. b. Payments to suppliers are $1,400 less than the sum of cost of goods sold plus advertising expense. c. Payments to employees are $1,800 less than salary expense. d. Dividend revenue, interest expense, and income tax expense equal their cash amounts. e. Acquisition of plant assets is $169,000. Of this amount, $109,000 is paid in cash and $60,000 is financed by signing a long-term note payable. f. Proceeds from the sale of land totaled $22,000. g. Proceeds from the issuance of common stock totaled $40,000. h. Payment of a long-term note payable is $13,000. i. Payment of dividends is $9,500. j. Cash balance, June 30, 2020, was $23,000. Print Done Question 4, E11-26A (si... HWS Data table Wonderful World, Inc. Income Statement Year Ended June 30, 2021 $ 265,000 10,500 $ 275,500 Revenues: Sales revenue Dividend revenue Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense 112,000 70,000 31,000 12,000 2,500 11,000 Income tax expense 238,500 $ 37,000 Net income Print Done Income Statement l World Flows Requirements - X pre than sales the sum of cost of good June 3 an salary expense. come tax expense equa 1. Prepare Wonderful World's statement of cash flows and accompanying schedule of noncash investing and financing activities. Report operating activities using the direct method. 2. Evaluate the company's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation his amount, $109,000 prm note payable. poo. ck totaled $40,000 1,000 Print Done Done