The following schedule of cash receipts and payments relates to Yellowstone, Inc. for the year...
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Accounting
The following schedule of cash receipts and payments relates to Yellowstone, Inc. for the year 20X8:
| Cash receipts: |
|
| From customers | $348,000 |
| From issuance of bonds payable | 162,000 |
| From sale of delivery truck | 9,000 |
|
|
|
| Cash payments: |
|
| For purchase of equipment | $ 70,800 |
| To employees and suppliers | 246,000 |
| For interest expense | 17,400 |
| To shareholders for dividends | 74,400 |
| For purchase of treasury stock | 14,400 |
| For income taxes | 21,600 |
Required: What is the cash flow from operations for Yellowstone, Inc. for 20X8?
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