The following information is available for Mosquito Hollow Corp. for 2010.
|
Cash used to purchase treasury stock |
$ 57,300 |
|
Cash dividends paid |
21,800 |
|
Cash paid for interest |
22,400 |
|
Net income |
464,300 |
|
Sales |
802,000 |
|
Cash paid for taxes |
93,000 |
|
Cash received from customers |
566,100 |
|
Cash received from sale of building (at book value) |
202,400 |
|
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 |
Instructions
Prepare a statement of cash flows using the direct method.