The following information is available for Washington Mills Corp. for 2012.

Cash used to purchase treasury stock

$ 48,100

Cash dividends paid

21,800

Cash paid for interest

22,400

Net income

464,300

Sales

802,000

Cash paid for taxes

99,000

Cash received from customers

566,100

Cash received from sale of building (at book value)

197,600

Cash paid for operating expenses

77,000

Beginning cash balance

11,000

Cash paid for goods and services

279,100

Cash received from issuing common stock

355,000

Cash paid to redeem bonds at maturity

200,000

Cash paid to purchase equipment

113,200

Instructions

Prepare a statement of cash flows using the direct method.

 

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The following information is available for Washington Mills Corp. for 2012. was first posted on July 4, 2020 at 2:15 pm.
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