Problem:
The following information is available for Taliaferro Corp. for 2014.
|
Cash used to purchase treasury stock
|
$ 48,100
|
|
Cash dividends paid
|
21,800
|
|
Cash paid for interest
|
22,400
|
|
Net income
|
464,300
|
|
Sales revenue
|
802,000
|
|
Cash paid for taxes
|
99,000
|
|
Cash received from customers
|
566,100
|
|
Cash received from sale of building (at book value)
|
197,600
|
|
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
|
Required:
Question: Prepare a statement of cash flows using the direct method.
Note: Please show the work not just the answer.