The following information is for Moyano, Inc. for the year ended December 31, 2016.
Moyano had cash and cash equivalents balance of $5,200 on January 1, 2016, and $2,320 on
December 31, 2016.
Cash received from:
Customers ......................................$1,900
Interest on investments...........................200
Sale of land.........................................100
Sale of common stock............................600
Issuance of debt securities.....................2,000
Cash paid for: Interest on debt.................$300
Income tax 80 Debt principal reduction.....1,500
Purchase of equipmen.........................4,100
Purchase of inventory.........................1,000
Dividends on common stock...................200
Operating expenses..............................500
Required:
Prepare a statement of cash flows in good form for the year using the direct method for operating activities.