Exercise 17-13

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The 2020 accounting records of Blocker Transport reveal these transactions and events.

Payment of interest		$10,700		Collection of accounts receivable		$191,000
Cash sales		49,600		Payment of salaries and wages		58,000
Receipt of dividend revenue		19,000		Depreciation expense		16,600
Payment of income taxes		16,900		Proceeds from sale of vehicles		11,800
Net income		38,900		Purchase of equipment for cash		21,300
Payment of accounts payable				Loss on sale of vehicles		3,600
for merchandise		114,300		Payment of dividends		13,300
Payment for land		74,800		Payment of operating expenses		27,700

Prepare the cash flows from operating activities section using the direct method. (Not all of the items will be used.)

Blocker Transport Statement of Cash FlowsDirect Method For the Year Ended December 31, 2020For the Month Ended December 31, 2020December 31, 2020
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash receipts from
Purchase of Equipment for Cash For Operating Expenses For Payment of Dividends Depreciation Expense For Salaries and Wages To Suppliers for Merchandise For Income Taxes Customers For Interest Loss on Disposal of Vehicles Net Income For Land Proceeds from Disposal of Plant Assets Dividend Revenue	$
Purchase of Equipment for Cash For Interest Loss on Disposal of Vehicles For Payment of Dividends Customers To Suppliers for Merchandise Dividend Revenue For Salaries and Wages Net Income For Income Taxes For Operating Expenses For Land Depreciation Expense Proceeds from Disposal of Plant Assets
		$
AddLess cash payments:
For Operating Expenses For Payment of Dividends For Land Depreciation Expense Net Income Customers For Interest For Salaries and Wages Loss on Disposal of Vehicles Proceeds from Disposal of Plant Assets Purchase of Equipment for Cash To Suppliers for Merchandise Dividend Revenue For Income Taxes
To Suppliers for Merchandise Depreciation Expense For Salaries and Wages For Income Taxes For Payment of Dividends For Operating Expenses For Interest Net Income For Land Customers Loss on Disposal of Vehicles Dividend Revenue Proceeds from Disposal of Plant Assets Purchase of Equipment for Cash
Purchase of Equipment for Cash Dividend Revenue For Income Taxes For Operating Expenses For Payment of Dividends Proceeds from Disposal of Plant Assets Loss on Disposal of Vehicles For Land Customers For Interest To Suppliers for Merchandise For Salaries and Wages Net Income Depreciation Expense
To Suppliers for Merchandise For Operating Expenses Dividend Revenue For Salaries and Wages Depreciation Expense For Land For Payment of Dividends Customers Proceeds from Disposal of Plant Assets Purchase of Equipment for Cash For Income Taxes For Interest Loss on Disposal of Vehicles Net Income
For Land Customers For Payment of Dividends Net Income Proceeds from Disposal of Plant Assets For Income Taxes Depreciation Expense Dividend Revenue Purchase of Equipment for Cash To Suppliers for Merchandise For Interest For Salaries and Wages Loss on Disposal of Vehicles For Operating Expenses
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash		$