Use the following calendar-year information to prepare David Company's statement of cash flows using the direct method. The management wants to classify receipts from interest and payments for interest as operating activities and payments for dividends as financing activities.

Use the following calendar year information to prepare David Company's statement of cash flo as operating activities and payments for dividends as financing activities $124,000 220,000 280,000 4,000 10,000 Cash paid to purchase machinery Cash paid for merchandise inventory Cash paid for operating expenses. Cash paid for interest Cash received for interest Cash proceeds from sale of loud Cash balance at beginning of year Cash balance at end of year... Cash borrowed 011 a short-term note Cash dividends paid. Cash received from share issue Cash collections from customers 100.000 15,000 77,000 25.000 24,000 57.000 522.000 David Company Sulement of Cash Flows (Direct Method) For the year ended December 31 Cash flows from operating activities Net cash from operating activities Cash flows from investing activities Net cash used in investing activities Cashflows from financing activities Net cash from financing activities Netcrease inch Cash balance being of your Cash balance end of your 345 words U English (United States) These he 25