The following information is available for Blue Spruce Corp. for 2022. Cash used to purchase treasury...
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The following information is available for Blue Spruce Corp. for 2022. Cash used to purchase treasury stock Cash dividends paid $111,592 50,576 Cash paid for interest Net income 51,968 1,077,176 Sales revenue 1,860,640 Cash paid for taxes 229,680 Cash received from customers 1,313,352 Cash received from sale of building (at book value) 458,432 Cash paid for operating expenses 178,640 Beginning cash balance 25,520 Cash paid for goods and services 647,512 Cash received from issuing common stock 823,600 Cash paid to redeem bonds at maturity 464,000 Cash paid to purchase equipment 262,624 Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) The following information is available for Blue Spruce Corp. for 2022. Cash used to purchase treasury stock Cash dividends paid $111,592 50,576 Cash paid for interest Net income 51,968 1,077,176 Sales revenue 1,860,640 Cash paid for taxes 229,680 Cash received from customers 1,313,352 Cash received from sale of building (at book value) 458,432 Cash paid for operating expenses 178,640 Beginning cash balance 25,520 Cash paid for goods and services 647,512 Cash received from issuing common stock 823,600 Cash paid to redeem bonds at maturity 464,000 Cash paid to purchase equipment 262,624 Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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