The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the current...
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Accounting
The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the current year ended December 31.
| Cash and cash equivalents, Jan. 1 | $ | 35,800 | |
| Cash and cash equivalents, Dec. 31 | 226,600 | ||
| Cash paid to acquire plant assets | 21,000 | ||
| Proceeds from short-term borrowing | 10,000 | ||
| Loans made to borrowers | 3,800 | ||
| Collections on loans (excluding interest) | 4,000 | ||
| Interest and dividends received | 44,600 | ||
| Cash received from customers | 895,000 | ||
| Proceeds from sales of plant assets | 9,000 | ||
| Dividends paid | 49,000 | ||
| Cash paid to suppliers and employees | 618,000 | ||
| Interest paid | 19,000 | ||
| Income taxes paid | 61,000 | ||
Using this information, prepare a statement of cash flows under direct method. (List any deduction in cash and cash outflows as negative amounts.)
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