The following cash T-account for Holcomb Manufacturing summarizes all the transactions affecting cash during 2017.a. Compute the ending cash balance.
b. Prepare a statement of cash flows (direct method).

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Cash Beginning balance Sales of inventories Receivable collections Sales of long-term investments Issuance of common stock Long-term borrowings 8,000 Inventory purchases 34,000 Accounts payable payments 40,000 Bank loan principal payments 12,500 Loan interest 14,000 Wages 9,000 Dividend payments 27,000 10,000 3,000 16,000 4,000 12,000 11,000 Selling and administrative expenses Equipment purchases