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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. 31 120,900 Cash paid to acquire plant assets 23,000 Proceeds from short-term borrowing 10,000 Loans made to borrowers 4,300 Collections on loans (excluding interest) 4,000 Interest and dividends received 41,400 Cash received from customers 805,000 Proceeds from sales of plant assets 9,000 Dividends paid 54,000 Cash paid to suppliers and employees 613,000 Interest paid 19,000 Income taxes paid 71,000 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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