Use the following calendar-year information to prepare David Company's statement of cash flows using the direct...
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Use the following calendar-year information to prepare David Company's statement of cash flows using the direct method. Please use a separate sheet of paper. $124,000 (220,000 280,000 (4,000 Cash paid to purchase machinery Cash paid for merchandise inventory. Cash paid for operating expenses Cash paid for interest... Cash received for interest.. . Cash proceeds from sale of land Cash balance at beginning of year. Cash balance at end of year ... 10,000 100,000 15,000 77,000 25,000 24,000) 57,000 522,000 Cash borrowed on a short-term note Cash dividends paid... Cash received from stock issuance Cash collections from customers ........ Use the following calendar-year information to prepare David Company's statement of cash flows using the direct method. Please use a separate sheet of paper. $124,000 (220,000 280,000 (4,000 Cash paid to purchase machinery Cash paid for merchandise inventory. Cash paid for operating expenses Cash paid for interest... Cash received for interest.. . Cash proceeds from sale of land Cash balance at beginning of year. Cash balance at end of year ... 10,000 100,000 15,000 77,000 25,000 24,000) 57,000 522,000 Cash borrowed on a short-term note Cash dividends paid... Cash received from stock issuance Cash collections from customers ........
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