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Make a statement of cash flows using the direct method

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Reference no: EM132956933

Problem 1: Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

The following information is available for Bridgeport Corp. for 2022.

Cash used to purchase treasury stock$ 49,543
Cash dividends paid 22,454
Cash paid for interest 23,072
Net income 478,229
Sales revenue 826,060
Cash paid for taxes 101,970
Cash received from customers 583,083
Cash received from sale of building (at book value) 203,528
Cash paid for operating expenses 79,310
Beginning cash balance11,330
Cash paid for goods and services 287,473
Cash received from issuing common stock 365,650
Cash paid to redeem bonds at maturity 206,000
Cash paid to purchase equipment 116,596

Reference no: EM132956933

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