Question
The following information is available for Whispering Winds Corp. for 2022. Cash used to purchase treasury stock$ 122,655 Cash dividends paid55,590 Cash paid for interest57,120
The following information is available for Whispering Winds Corp. for 2022.
Cash used to purchase treasury stock$ 122,655
Cash dividends paid55,590
Cash paid for interest57,120
Net income1,183,965
Sales revenue2,045,100
Cash paid for taxes252,450
Cash received from customers1,443,555
Cash received from sale of building (at book value)503,880
Cash paid for operating expenses196,350
Beginning cash balance28,050
Cash paid for goods and services711,705
Cash received from issuing common stock905,250
Cash paid to redeem bonds at maturity510,000
Cash paid to purchase equipment288,660
Prepare 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).)
Whispering Winds Corp. Statement of Cash FlowsDirect Method Choose the accounting period
December 31, 2022For the Year Ended December 31, 2022For the Quarter Ended December 31, 2022
Select an opening name for section one
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Select an item
Cash Paid to Redeem Bonds at Maturity Cash Payments Cash Receipts from Customers For Goods and Services For Income Taxes For Interest For Operating Expenses Issuance of Common Stock Payment of Cash Dividend Purchase of Equipment Purchase Treasury Stock Sale of Building
$Enter a dollar amount
Select between addition and deduction
LessAdd
: Select an opening subsection name
Cash Paid to Redeem Bonds at MaturityCash PaymentsCash Receipts from CustomersFor Goods and ServicesFor Income TaxesFor InterestFor Operating ExpensesIssuance of Common StockPayment of Cash DividendPurchase of EquipmentPurchase Treasury StockSale of Building
Select an item
Cash Paid to Redeem Bonds at Maturity Cash Payments Cash Receipts from Customers For Goods and Services For Income Taxes For Interest For Operating Expenses Issuance of Common Stock Payment of Cash Dividend Purchase of Equipment Purchase Treasury Stock Sale of Building
$Enter a dollar amount
Select an item
Cash Paid to Redeem Bonds at Maturity Cash Payments Cash Receipts from Customers For Goods and Services For Income Taxes For Interest For Operating Expenses Issuance of Common Stock Payment of Cash Dividend Purchase of Equipment Purchase Treasury Stock Sale of Building
Enter a dollar amount
Select an item
Cash Paid to Redeem Bonds at Maturity Cash Payments Cash Receipts from Customers For Goods and Services For Income Taxes For Interest For Operating Expenses Issuance of Common Stock Payment of Cash Dividend Purchase of Equipment Purchase Treasury Stock Sale of Building
Enter a dollar amount
Select an item
Cash Paid to Redeem Bonds at Maturity Cash Payments Cash Receipts from Customers For Goods and Services For Income Taxes For Interest For Operating Expenses Issuance of Common Stock Payment of Cash Dividend Purchase of Equipment Purchase Treasury Stock Sale of Building
Enter a dollar amount
Enter a total amount for this subsection
Select a closing name for section one
Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash used by Financing Activities Net Cash used by Investing Activities Net Cash used by Operating Activities Net Decrease in Cash Net Increase in Cash
Enter a total amount for section one
Select an opening name for section two
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Select an item
Cash Paid to Redeem Bonds at Maturity Cash Payments Cash Receipts from Customers For Goods and Services For Income Taxes For Interest For Operating Expenses Issuance of Common Stock Payment of Cash Dividend Purchase of Equipment Purchase Treasury Stock Sale of Building
Enter a dollar amount
Select an item
Cash Paid to Redeem Bonds at Maturity Cash Payments Cash Receipts from Customers For Goods and Services For Income Taxes For Interest For Operating Expenses Issuance of Common Stock Payment of Cash Dividend Purchase of Equipment Purchase Treasury Stock Sale of Building
Enter a dollar amount
Select a closing name for section two
Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash used by Financing Activities Net Cash used by Investing Activities Net Cash used by Operating Activities Net Decrease in Cash Net Increase in Cash
Enter a total amount for section two
Select an opening name for section three
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Select an item
Cash Paid to Redeem Bonds at Maturity Cash Payments Cash Receipts from Customers For Goods and Services For Income Taxes For Interest For Operating Expenses Issuance of Common Stock Payment of Cash Dividend Purchase of Equipment Purchase Treasury Stock Sale of Building
Enter a dollar amount
Select an item
Cash Paid to Redeem Bonds at Maturity Cash Payments Cash Receipts from Customers For Goods and Services For Income Taxes For Interest For Operating Expenses Issuance of Common Stock Payment of Cash Dividend Purchase of Equipment Purchase Treasury Stock Sale of Building
Enter a dollar amount
Select an item
Cash Paid to Redeem Bonds at Maturity Cash Payments Cash Receipts from Customers For Goods and Services For Income Taxes For Interest For Operating Expenses Issuance of Common Stock Payment of Cash Dividend Purchase of Equipment Purchase Treasury Stock Sale of Building
Enter a dollar amount
Select an item
Cash Paid to Redeem Bonds at Maturity Cash Payments Cash Receipts from Customers For Goods and Services For Income Taxes For Interest For Operating Expenses Issuance of Common Stock Payment of Cash Dividend Purchase of Equipment Purchase Treasury Stock Sale of Building
Enter a dollar amount
Select a closing name for section three
Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash used by Financing Activities Net Cash used by Investing Activities Net Cash used by Operating Activities Net Decrease in Cash Net Increase in Cash
Enter a total amount for section three
Select an item
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Enter a total amount for three sections
Select an item
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Enter a dollar amount
Select a closing name for this statement
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
$Enter a total of the two previous amounts
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