The following information is available for Mosquito Hollow Corp. for 2010.
Cash used to purchase treasury stock ...........$ 57,300
Cash dividends paid ......................21,800
Cash paid for interest .................22,400
Net income ......................464,300
Sales ........................802,000
Cash paid for taxes ..................93,000
Cash received from customers ..............566,100
Cash received from sale of building (at book value) .......202,400
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.