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The following information is available for Taliaferro Corp. for 2014. Cash used to purchase treasury stock $ 48,100 Cash dividends paid 21,800 Cash paid for

The following information is available for Taliaferro Corp. for 2014.

Cash used to purchase treasury stock

$ 48,100

Cash dividends paid

21,800

Cash paid for interest

22,400

Net income

464,300

Sales revenue

802,000

Cash paid for taxes

99,000

Cash received from customers

566,100

Cash received from sale of building (at book value)

197,600

Cash paid for operating expenses

77,000

Beginning cash balance

11,000

Cash paid for goods and services

279,100

Cash received from issuing common stock

355,000

Cash paid to redeem bonds at maturity

200,000

Cash paid to purchase equipment

113,200

Instructions:

Prepare a statement of cash flows using the direct method.

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