Selected accounts of Acorn Storage Centres show the following:

Required
For each account, identify the item or items that should appear on a cash flow statement prepared by the direct method. Also, state each item's amount and where to report the item.

Transcribed Image Text:

Accounts Receivable Beginning balance 27,000 Cash receipts from customers 354,000 ervice revenue 360,000 Ending balance 33,000 Land Beginning balance Acquisitions paid with cash Ending balance 640,000 81,000 721,000 Long-Term Debt 207,000 Beginning balance Payments Issuance of debt for cash Ending balance 819,000 249,000 861,000