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The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the current year...

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. 31 160,100
Cash paid to acquire plant assets 21,000
Proceeds from short-term borrowing 10,000
Loans made to borrowers 5,600
Collections on loans (excluding interest) 4,000
Interest and dividends received 39,900
Cash received from customers 825,000
Proceeds from sales of plant assets 9,000
Dividends paid 45,000
Cash paid to suppliers and employees 610,000
Interest paid 19,000
Income taxes paid 63,000

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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The belowtable is Statement of Cash that Flows for the whole vear and ended at Dec 31 Cash flows of operating activities is Cash which is Received from the customers Interest received and Dividend Received 825,000 4,000 829,000 Less: Cash Paymentto Supplier and also employee Income tax amount Interest is 610,000 63,000 19,000 692,000 137,000 The Net cash flow ofoperating activities is The Cash flows from the investing activities is Proceed from sales of Plant Asset Amount collected on Loan Loan Made for the customer to borrower Total Cash Paid to acquire plant assets 9,000 4,000 5600 21,000 Total Net cash being used in investing activities is 13,600 The Cash flows from the financing activities is Proceeds from Short term borrowing is Payments of dividends is 10,000 45,000 Net cash used in financing activities Netincrease in cash and cash equivalents Cash and cash equivalents at the beginning of period is Cash and cash equivalents at the end of the period is 35,000 88,400 35,800 $124,200

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