To prepare the statement of cash flows, accountants for E-Mobile, Inc., have summarized 2012 activity in the Cash account as follows:

Requirement
1. Prepare E-Mobile€™s statement of cash flows for the year ended December 31, 2012, using the direct method to report operatingactivities.

Transcribed Image Text:

Cash Beginning balance Issuance of common stock Receipts of interest revenue Collections from customers 87,200 Payments of operating expenses Payments of salaries and wages 46,800 64,500 16,100 Payment of note payable 308,400 Payment of income tax Payments on accounts payable Payments of dividends Payments of interest Purchase of equipment 79,000 7,500 101,600 1,400 21,700 49,500 Ending balance 99,900 |