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SHOW ALL YOUR WORKS FOR YOUR CALCULATIONS: Calculate Net cash provided by (used for) financing activities for Requirement 1 Requirement 1. Prepare Dishton Diamond, Inc.'s
SHOW ALL YOUR WORKS FOR YOUR CALCULATIONS: Calculate "Net cash provided by (used for) financing activities for Requirement 1" Requirement 1. Prepare Dishton Diamond, Inc.'s statement of cash flows for the year ended June 30, 2018. Use the direct method for cash flows from operating activities Cash flows from operating activities: Receipts: Collections from customers A More Info Interest received 620,000 8,000 4.300 Dividends received S 632,300 Total cash receipts Payments: Payments to suppliers Payments to employees Payments for income taxes (373,300) (89,000) (36,000) (14,000) a. Purchase of fixed assets for cash, 560,400 b. Proceeds from issuance of common stock, $15.000 c. Payment of dividends, $48,400 d. Collection of interest, $8,000 e. Payment of salaries, S89.000 f. Proceeds from sale of fixed assets, 527,000 g. Collections from customers, $620,000 h. Cash receipt of dividend revenue, $4,300 i. Payments to suppliers, $373,300 j. Depreciation expense, $62,000 k. Proceeds from issuance of long-term notes, $40,000 I. Payments of long-term notes payable. 549.000 m. Interest expense and payments, S14,000 n. Income tax expense and payments, $36,000 0. Cash balances: June 30, 2017, 539,400, June 30, 2018, 583,600 Payments for interest (512,300) 120,000 Total cash payments Net cash provided by used for operating activities Cash flows from investing activities: Acquisition of fixed assets S (60,400) 27,000 (33,400) Print Done Proceeds from sale of fixed assets Net cash provided by (used for) investing activities Cash flows from financing activities: Payment of long-term notes payable Payment of dividends Proceeds from issuance of long-term notes payable (49.000) (48,400) 40,000 15,000 Proceeds from issuance of common stock Net cash provided by (used for) financing activities
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