Prepare cash flows from operating activities section
The information needed to prepare the Cash Flow from Operating Activities section of Pro Corporation’s consolidated statement of cash flows is included in the following list:
|
Cash received from customers |
$322,500 |
|
Cash paid to suppliers |
182,500 |
|
Cash paid to employees |
27,000 |
|
Cash paid for other operating items |
23,500 |
|
Cash paid for interest expense |
12,000 |
|
Cash proceeds from sale of land |
60,000 |
|
Noncontrolling interest dividends |
10,000 |
|
Dividends received from equity investees |
7,000 |
Required: Prepare the Cash Flows from Operating Activities section of Pro’s consolidated statement of cash flows under the direct method.