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Using the following data for Omega Company, prepare Statement of Cash Flows as of December 31, for the year ended. All amounts are cash flows.
Using the following data for Omega Company, prepare Statement of Cash Flows as of December 31, for the year ended. All amounts are cash flows. The cash balance at the beginning of the year was $125,000 and $500,000 at the end of the year. All numbers are in dollars. Received sales to customers 10,000,000 Purchased new equipment 3, 750,000 Received interest on savings account 40,000 Issued 30 year bonds 100,000 Paid inventory purchases 2, 420,000 Made mortgage payments 50,000 Paid interest on mortgage 80,000 Received dividends from Gamma Company 60,000 Received proceeds on sales of investments 175,000 Paid dividends to common stockholders 90,000 Paid for operating expenses 3, 075,000 Issued additional shares of common stock 250,000 Issued loans to employees 50,000 Received rent from tenants on excess facility space 500,000 Paid income taxes 1, 025,000 Retired long-term debt obligations 300,000 Received proceeds on sale of old equipment 90,000 If the company were a sole proprietorship, how would the financing activities be reported
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