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SA. Big Island, Inc. began 2024 with cash of $40,000. During the year, Big Island earned revenue of $200,000 and collected $120,000 from customers.
SA. Big Island, Inc. began 2024 with cash of $40,000. During the year, Big Island earned revenue of $200,000 and collected $120,000 from customers. Expenses for the year totaled $160,000, of which Big Island paid $65,000 in cash to suppliers and $80,000 in cash to employees. The company received $2,000 cash for interest revenue and paid $10,000 for income taxes. Big Island also paid $35,000 to purchase equipment and a cash dividend of $15,000 to its stockholders during 2024. Prepare the company's operating activities section of the statement of cash flows for the year ended December 31, 2024. Use the direct method (Use a minus sign or parentheses for amounts that result in a decrease in cash, If a box is not used in the statement, leave the box empty; do not select a label or enter a zero) Big Island, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2024 Cash Flows from Operating Activities Receipts Total Cash Receipts Payments Total Cash Payments Net Cash Provided by Used for) Operating Activities
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