Question: Prepare a statement of cash flows USING THE DIRECT METHOD in good form for Beagle, Inc for the current year: Bad Debt Expense: $600 Cash

Prepare a statement of cash flows USING THE DIRECT METHOD in good form for Beagle, Inc for the current year:

Bad Debt Expense: $600

Cash balance on Jan 1: 3,000

Cash dividends paid: 4,500

Cash Revenue: 52,000

Depreciation Expense: 2,950

Issue of common stock: 20,000

Operating Expenses (all cash): 28,000

Purchase of land for cash: 50,000

Repayment of bank loans: 16,500

Sale of building (book value $100,000): 120,000

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