R. Cash Flow Statement-direct method (25%) In order to prepare the statement of cash flows for King Corporation for 2018, the accountant has compiled the following data regarding cash flows: Collections on loans made to borrowers Loans made to borrowers Interest and dividends received Interest paid Income taxes paid Dividends paid Payments to retire bonds payable Payments to settle short-term debts $104,000 229,000 24,000 $21,500 $91,500 $44,000 ash received from customers Cash paid to suppliers and employees Proceeds from issuing capital stock Purchases of plant assets Proceeds from sales of plant assets Cash and cash equivalents,beginning of year 179,000 74,000 $1,709,000 $1,054,000 $254,000 $684,000 $329,000 1,500 flows for King On the basis of the above information, prepare a complete_statement of cash Corporation, showing the computation of net cash flows from operating activities by the direct method www.eurunt.edu R. Cash Flow Statement-direct method (25%) In order to prepare the statement of cash flows for King Corporation for 2018, the accountant has compiled the following data regarding cash flows: Collections on loans made to borrowers Loans made to borrowers Interest and dividends received Interest paid Income taxes paid Dividends paid Payments to retire bonds payable Payments to settle short-term debts $104,000 229,000 24,000 $21,500 $91,500 $44,000 ash received from customers Cash paid to suppliers and employees Proceeds from issuing capital stock Purchases of plant assets Proceeds from sales of plant assets Cash and cash equivalents,beginning of year 179,000 74,000 $1,709,000 $1,054,000 $254,000 $684,000 $329,000 1,500 flows for King On the basis of the above information, prepare a complete_statement of cash Corporation, showing the computation of net cash flows from operating activities by the direct method www.eurunt.edu