The accounting records for R. Webber Associates, Inc. for the year ended April 30, 2014, contain the

Question:

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

Requirement

Prepare R. Webber Associates’ cash flow statement for the year ended April 30, 2014. Use the direct method for cash flows from operating activities.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...