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Statement of Cash Flows (Direct Method) Use the following information about the 2020 cash flows of Mason Corporation to prepare a statement of cash flows
Statement of Cash Flows (Direct Method) Use the following information about the 2020 cash flows of Mason Corporation to prepare a statement of cash flows under the direct method.
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\begin{tabular}{|l|r|} \hline Cash balance, end of 2020 & $16,800 \\ \hline Cash paid to employees and suppliers & 207,200 \\ \hline Cash received from sale of land & 56,000 \\ \hline Cash paid to acquire treasury stock & 14,000 \\ \hline Cash balance, beginning of 2020 & 22,400 \\ \hline Cash received as interest & 8,400 \\ \hline Cash paid as income taxes & 15,400 \\ \hline Cash paid to purchase equipment & 124,600 \\ \hline Cash received from customers & 271,600 \\ \hline Cash received from issuing bonds payable & 42,000 \\ \hline Cash paid as dividends & 22,400 \\ \hline \end{tabular}
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