To prepare the statement of cash flows, accountants for C. Harrison, Inc., summarized 2012 activity in the
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1. Prepare the statement of cash flows of C. Harrison, Inc., for the year ended December 31, 2012, using the direct method for operatingactivities.
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Cash 100,400 Payment on accounts payable 300,000 22,000 Collections from customers 492,300 Payment of salaries and wages 143,800 21,600 9,900 Payment of operating expenses 31,000 79,000 16,800 Beginning balance Receipts of interest 23.300 Payment of dividends Issuance of common stock 90,000 Payment of interest Payment for equipment Payment of notes payable Payment of income tax Ending balance 81.900
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