The following information is available for Splish Brothers Inc. for 2022.

Cash used to purchase treasury stock		$ 124,579
Cash dividends paid		56,462
Cash paid for interest		58,016
Net income		1,202,537
Sales revenue		2,077,180
Cash paid for taxes		256,410
Cash received from customers		1,466,199
Cash received from sale of building (at book value)		511,784
Cash paid for operating expenses		199,430
Beginning cash balance		28,490
Cash paid for goods and services		722,869
Cash received from issuing common stock		919,450
Cash paid to redeem bonds at maturity		518,000
Cash paid to purchase equipment		293,188

Prepare a statement of cash flows using the direct method.

Answer rating: 100% (QA)

Cash Flow Statement of Splish Brothers Inc for the year ended 2022 Particulars Amount ... View the full answer