Prepare a Cash Flow Statement using the DIRECT Method. DO NOT use the...
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Accounting
| Prepare a Cash Flow Statement using the DIRECT Method. | |||
| DO NOT use the INDIRECT Method | |||
| Not all accounts listed may be used in this example | |||
| Net income | $600,000,00 | ||
| Cash December 31, 2021 | $350,000,000.00 | ||
| Cash December 31 2022 | ??????? | ||
| Depreciation Expense | $1,500,000.00 | ||
| Collections from third party | $1,600,000.00 | ||
| Decrease in accounts payable | $1,700,000.00 | ||
| Paid employees | $1,800,000.00 | ||
| Purchased stock | $1,900,000.00 | ||
| Purchased land | $2,000,000.00 | ||
| Paid mortgage | $3,000,000.00 | ||
| Paid expansion loan | $4,000,000.00 | ||
| Paid for insurance | $1,100,000.00 | ||
| Patient Receivable | $7,000,000.00 | ||
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