Reference no: EM132569222

Question 1: Arrange the following information to complete the statement of cash flows for Olympia, Inc. (direct method)

Purchases of marketable securities                           $48,000

Proceeds from sales of marketable securities            $75,000

Interest and dividends received                       $19,500

Interest paid                                              $18,000

Taxes paid                                              $43,500

Dividends paid                                            $27,000

Proceeds from short-term borrowing                    $31,500

Payments to settle short-term debts (principal repaid) $36,000

Cash received from customers                         $681,000

Cash paid to suppliers and employees              $531,000

Proceeds from issuing capital stock                 $118,500

Purchases of plant assets                            $201,000

Proceeds from sales of plant assets                   $58,500

Cash and cash equivalents, beginning of year     $73,500