Question

LIIS LU Weygandt, Accounting Principles, 13e Help System Announcements CALCULATOR PRINTER VERSION BACK RCES Exercise 17-13 The 2020 accounting records of Blocker Transport reveal these transactions and events. deo) tudy Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net Income Payment of accounts payable for merchandise Payment for land $10,100 Collection of accounts receivable 49,100 Payment of salaries and wages 17,700 Depreciation expense 15,300 Proceeds from sale of vehicles 38,800 Purchase of equipment for cash Loss on sale of vehicles 114,800 Payment of dividends 73,400 Payment of operating expenses $190,600 57,800 16,600 12,700 21,200 3,800 13,800 28,500 Prepare the cash flows from operating activities section using the direct method. (Not all of the items will be used.) Blocker Transport Statement of Cash Flows-Direct Method For the Year Ended December 31, 2020 Cash Flows from Operating Activities Cash receipts from To Suppliers for Merchandise For Operating Expenses cash payments: Click if you would like to Show Work for this question: Open Show Work

Answer 1

Statement of Cash flows(partial)
For the year ended December 31,2020
Cash flow from operating activities
Cash receipts from:
Customers	239900		=190800+49100
Dividend revenue	17700
		257600
Less cash payments
To suppliers of merchandise	114800
For salaries and wages	57800
For operating expenses	28500
For Interest	10100
For Income tax	15300
		226500
Net Cash provided by operating activities		31100