Cash and cash equivalents

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Reference no: EM131287242

The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the year ended December 31, 2015: Cash and cash equivalents, Jan. 1 $ 35,800 Cash and cash equivalents, Dec. 31 74,800 Cash paid to acquire plant assets 21,000 Proceeds from short-term borrowing 10,000 Loans made to borrowers 5,000 Collections on loans (excluding interest) 4,000 Interest and dividends received 27,000 Cash received from customers 795,000 Proceeds from sales of plant assets 9,000 Dividends paid 55,000 Cash paid to suppliers and employees 635,000 Interest paid 19,000 Income taxes paid 71,000 Using this information, prepare a statement of cash flows under direct method. (List any deduction in cash and cash outflows as negative amounts.)

Reference no: EM131287242

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