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The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the current year ended December 31. Can someone help me with with
The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the current year ended December 31.
Can someone help me with with this, I am not understanding it at all. Thank you in advance
Cash and cash equivalents, Jan. 1 Cash and cash equivalents, Dec. 31 Cash paid to acquire plant asset Proceeds from short-term borrowing Loans made to borrowers Collections on loans (excluding interest) Interest and dividends received Cash received from customers Proceeds from sales of plant assets Dividends paid Cash paid to suppliers and employees Interest paid Income taxes paid $ 35,800 178,100 20,000 10,000 5,100 4,000 44,400 855,000 9,000 49,000 620,00e 19,000 67,000 Using this information, prepare a statement of cash flows under direct method (List any deduction in cash and cash outflows as negative amounts.) WYOMING OUTFITTERS, INC Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents, January 1,current year Cash and cash equivalents, December 31, current yearStep by Step Solution
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