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$($Appendix $11$A$)$ Preparing a Statement of Cash Flows$$Direct Method

The controller of Newstrom Software, Inc., provides the following information as the basis for a statement of cash flows:

Cash collected from customers $$785,400$ Income taxes paid $$58,300$

Cash paid for interest $23,000$ Payment of dividends $35,000$

Cash paid to employees and other suppliers of goods and services $221,750$ Principal payments on mortgage payable $60,000$

Cash paid to suppliers of merchandise $395,540$ Principal payments on long$-$term debt $22,300$

Cash received from the issuance of long$-$term debt $40,000$ Proceeds from the issuance of common stock $85,000$

Cash received from disposal of equipment $42,500$ Purchase of equipment $120,000$

Cash received from sale of long$-$term investments $71,400$ Purchase of long$-$term investments $75,800$

Required:

Use a minus sign to indicate any cash outflows:

$1.$ Using the information provided above, calculate the net cash provided $($used$)$ by operating activities.

Cash flows from operating activities:

$fill in the blank $2$

fill in the blank $4$

fill in the blank $6$

fill in the blank $8$

fill in the blank $10$

Net cash provided $($used$)$ by operating activities $fill in the blank $11$

$2.$ Using the information provided above, calculate the net cash provided $($used$)$ by investing activities.

Cash flows from investing activities:

$fill in the blank $13$

fill in the blank $15$

fill in the blank $17$

fill in the blank $19$

Net cash provided $($used$)$ by investing activities $fill in the blank $20$

$3.$ Using the information provided above, calculate the net cash provided $($used$)$ by financing activities.

Cash flows from financing activities:

$fill in the blank $22$

fill in the blank $24$

fill in the blank $26$

fill in the blank $28$

fill in the blank $30$

Net cash provided $($used$)$ by investing activities $fill in the blank $31$