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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. 1$35,800
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$35,800 Cash and cash equivalents, Dec. 31 213,400 Cash paid to acquire plant assets 24,000 Proceeds from short-term borrowing 10,000 Loans made to borrowers 3,400 Collections on loans (excluding interest) 4,000 Interest and dividends received 45,000 Cash received from customers 875,000 Proceeds from sales of plant assets 9,000 Dividends paid 44,000 Cash paid to suppliers and employees 607,000 Interest paid 19,000 Income taxes paid 68,000
Using this information, prepare a statement of cash flows under direct method. (List any deduction in cash and cash outflows as negative amounts.)
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