Question: The accounting records for R Webber Associates Inc for the

The accounting records for R. Webber Associates, Inc. for the year ended April 30, 2014, contain the following information:
a. Purchase of plant assets for cash, $59,400
b. Proceeds from issuance of common shares, $8,000
c. Payment of dividends, $48,400
d. Collection of interest, $4,400
e. Payment of salaries, $93,600
f. Proceeds from sale of plant assets, $22,400
g. Collections from customers, $620,500
h. Cash receipt of dividend revenue, $4,100
i. Payments to suppliers, $368,500
j. Depreciation expense, $59,900
k. Proceeds from issuance of long-term notes, $19,600
l. Payments of long-term notes payable, $50,000
m. Interest expense and payments, $13,300
n. Income tax expense and payments, $37,900
o. Cash balances: April 30, 2013, $39,300; April 30, 2014, $47,200
Prepare R. Webber Associates’ cash flow statement for the year ended April 30, 2014. Use the direct method for cash flows from operating activities. 

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