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Problem:

The following information is available for Taliaferro Corp. for 2014.

Cash used to purchase treasury stock	$ 48,100
Cash dividends paid	21,800
Cash paid for interest	22,400
Net income	464,300
Sales revenue	802,000
Cash paid for taxes	99,000
Cash received from customers	566,100
Cash received from sale of building (at book value)	197,600
Cash paid for operating expenses	77,000
Beginning cash balance	11,000
Cash paid for goods and services	279,100
Cash received from issuing common stock	355,000
Cash paid to redeem bonds at maturity	200,000
Cash paid to purchase equipment	113,200

Required:

Question: Prepare a statement of cash flows using the direct method.

Note: Please show the work not just the answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164829

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