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The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the current year ended December 31. Cash and cash equivalents, Jan.
The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the current year ended December 31. Cash and cash equivalents, Jan. 1 Cash and cash equivalents, Dec. 31 Cash paid to acquire plant assets i Proceeds from short-term borrowing Loans made to borrowers Collections on loans (excluding interest) $ 35,800 231,700 22,000 10,000 3,600 4,000 Interest and dividends received Cash received from customers a Proceeds from sales of plant assets Dividends paid 29,500 925,000 9,000 51,000 620,000 Cash paid to suppliers and employees Interest paid Income taxes paid 19,000 66,000 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 Cash received from customers S 925.000
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