The following items should appear on a statement of cash flows for Gordon Company for its fiscal year ending on March 31, 2012. Organize these items into a formal statement of cash flows, and then comment briefly on the company's health.
Proceeds from the issuance of shares……………………….$25,000
Dividends paid……………………………………………… 3,000
Cash balance on March 31, 2012…………………………… 4,000
Payments to employees for salaries…………………………. 10,000
Cash payments for other expenses…………………………... 2,000
Cash receipts from customers……………………………….. 14,000
Repayment of bank loan…………………………………….. 3,000
Proceeds from the sale of old equipment…………………… 1,000
Cash balance on April 1, 2011………………………………. 8,000
Cash invested in shares of Tim Hortons Inc………………… 2,000
Cash disbursements to suppliers…………………………….. 9,000
Payment for purchase of equipment………………………… 15,000