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Use the following information to prepare Company's statement of cash flows. $ 124,000 Cash paid to purchase machinery 220,000 Cash paid for merchandise inventory 280,000

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Use the following information to prepare Company's statement of cash flows. $ 124,000 Cash paid to purchase machinery 220,000 Cash paid for merchandise inventory 280,000 4,000 10,000 100,000 15,000 25,000 24,000 57,000 522,000 Cash paid for operating expenses Cash paid for interest Cash received for interest Cash proceeds from sale of land Cash balance at beginning of year Cash borrowed on a short-term note Cash dividends paid Cash received from stock issuance Cash collections from customers

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