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Using the Direct Method, prepare the Cash Flow Statement for Mick Micky for year ended December 31, 2019 Cash at beginning of year 26,000 Cash
Using the Direct Method, prepare the Cash Flow Statement for Mick Micky for year ended December 31, 2019 Cash at beginning of year 26,000 Cash from sale of common stock 48,000 Cash from sale of land 72,000 Cash paid for dividends 24,000 Cash paid for purchase of building 60,000 Cash paid to purchase land 15,000 Cash paid to retire bonds payable 50,000 Cash payment for income taxes 83,500 Cash payment for interest 8,000 Cash Payments for Merchandise 785,200 Cash payments for operating expenses 193,800 Cash received from customers 1,171,000 Increased in Accounts Payable 21,000 Increased in Accounts Receivables 11,000 Mick Micky Statement of Cash Flows December 31, 2019
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