Using this information prepare a statement of cash flows

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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
162,000
Cash paid to acquire plant assets
24,000
Proceeds from short-term borrowing
10,000
Loans made to borrowers
5,300
Collections on loans (excluding interest)
4,000
Interest and dividends received
31,500
Cash received from customers
845,000
Proceeds from sales of plant assets
9,000
Dividends paid
49,000
Cash paid to suppliers and employees
608,000
Interest paid
19,000
Income taxes paid
68,000

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: EM13584630

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