The following information is available for Balboa Corp. for 2017. Cash used to purchase treasury stock ................................

Question:

The following information is available for Balboa Corp. for 2017.

Cash used to purchase treasury stock ................................ $ 48,100

Cash dividends paid ...................................................21,800

Cash paid for interest ..................................................22,400

Net income .............................................................. 464,300

Sales revenue ............................................................ 802,000

Cash paid for taxes .....................................................99,000

Cash received from customers ........................................ 566,100

Cash received from sale of building (at book value) ............... 197,600

Cash paid for operating expenses ....................................77,000

Beginning cash balance ................................................11,000

Cash paid for goods and services .................................... 279,100

Cash received from issuing common stock ......................... 355,000

Cash paid to redeem bonds at maturity ............................. 200,000

Cash paid to purchase equipment .................................... 113,200

Instructions

Prepare a statement of cash flows using the direct method.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...