Wong furniture company had a cash balance on december 31, 20x0, of 50,000 It´s net income for 20x1 was 361,000. It´s 20x1 transaction affecting income or cash
- Sales of 1.600 all on credit. Cash collection from customer 1,350
- The cost of items sold, $850. Purchases of inventory totaled $ 900; inventory and accounts payable were affected accordingly
- cash payments on trade accounts payable $ 775
- Depreciation $ 48
- Interest expenses, all paid in cash $ 11
- Other expenses, all paid in cash $100
- Income taxes accrued $40, income taxes paid $30
- Bought plant and facilities for 335 cash
- Issued debt for 110 cash
- Paid cash dividends of $39
Prepare a statement of cash flow using the direct method for reporting cash flows from operating activities. Omit supporting schedule