Question
The following information is available for Bramble Corp. for 2022. Cash used to purchase treasury stock...........................$129,389 Cash dividends paid......................................................................58,642 Cash paid for interest..................................................................60,256 Net income........................................................................................1,248,967
The following information is available for Bramble Corp. for 2022.
Cash used to purchase treasury stock...........................$129,389
Cash dividends paid......................................................................58,642
Cash paid for interest..................................................................60,256
Net income........................................................................................1,248,967
Sales revenue..................................................................................2,157,380
Cash paid for taxes.......................................................................266,310
Cash received from customers...............................................1,522,809
Cash received from sale of building (at book value).....531,544
Cash paid for operating expenses.........................................207,130
Beginning cash balance..............................................................29,590
Cash paid for goods and services.........................................750,779
Cash received from issuing common stock......................954,950
Cash paid to redeem bonds at maturity..............................538,000
Cash paid to purchase equipment.........................................304,508
How do you issue a statement of cash flows using the direct method.(Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Bramble Corp.
Statement of Cash Flows-Direct Method
For the Year Ended December 31, 2022
Cash Flows from Operating Activities
Cash Receipts from Customers
less: Cash Payments
For Goods and Services
For Income Taxes
For Operating Expenses
For Interest
Net Cash Provided by Operating Activities
Cash Flows from Investing Activities
Sale of Building
Purchase of Equipment
Net Cash Provided by Investing Activities
Cash Flows from Financing Activities
Issuance of Common Stock
Payment of Cash Dividend
Purchase Treasury Stock
Cash Paid to Redeem Bonds at Maturity
Net Cash Provided by Financing Activities
Net Increase in Cash
Cash at Beginning of Period
Cash at End of Period
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