Using the following information, complete the statement of cash flows for Nutritional Foods for the year ended December 31, 2010. Place parentheses around those figures in the statement representing cash outlays.
Payments for purchase of land | $ 416,000 |
Proceeds from sale of land | $58,000 |
Proceeds from issuance of capital stock | $347,000 |
Proceeds from issuance of bonds payable | $99,000 |
Payments to settle short‑term debt | $74,000 |
Interest and dividends received | $49,500 |
Cash received from customers | $1,502,000 |
Dividends paid | $182,000 |
Cash paid to suppliers and employees | $1,172,000 |
Interest paid | $66,000 |
Income taxes paid | $115,500 |
Cash and cash equivalents, January 1, 2010 | $86,000 |
Cash and cash equivalents, December 31, 2010 | ? |
NUTRITIONAL FOODS Statement of Cash Flows For the Year Ended December 31, 2010 | ||
Cash flows from operating activities (direct method): |
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Cash received from customers | $ |
|
| _________ |
|
Cash provided by operating activities |
| $ |
| $ |
|
|
|
|
| _________ |
|
Cash disbursed for operating activities |
| (_______) |
Net cash flows from operating activities |
| $ |
Cash flows from investing activities: |
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|
| $ |
|
|
|
|
| _________ |
|
Net cash used by investing activities |
| ( ) |
Cash flows from financing activities: |
|
|
| $ |
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|
|
|
|
|
|
| _________ |
|
Net cash provided by financing activities |
| _______ |
Net increase (decrease) in cash |
| $ |
|
|
|
Cash and cash equivalents, beginning of year |
| _______ |
Cash and cash equivalents, end of year |
| $______ |
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