Question: Sheffield Corp uses the direct method to prepares its statement of cash flows. Sheffields trial balances at 1 2 / 3 1 / 2 0

Sheffield Corp uses the direct method to prepares its statement of cash flows. Sheffields trial balances at

12 / 31 / 2025

and

2024

are in the image. There is additional information that needs to be included that is also in the image underneath the trial balance. Determine the amounts that Sheffield should report in its statement of cash flows for the year.

1 .

Cash collected from customers:

2 .

Cash paid to suppliers:

3 .

Cash paid for interest:

4 .

Cash paid for income taxes:

5 .

Cash paid for selling expenses:

Sheffield Corp uses the direct method to prepares

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