Direct Method 1)Using the following information, complete the statement of cash flows for Helen Hunt Co. for the year ended December 31, 2013. Place parentheses around those figures in the statement representing cash outlays. Payments to settle short-term debt…………………………...$ 30,000
Interest and dividends received………………………………. 300,000
Proceeds from sale of land…………………………………… 10,000
Cash paid to suppliers and employees……………………….. 1,360,000
Proceeds from issuance of capital stock……………………… 360,000
Income taxes paid……………………………………………. 80,000
Proceeds from issuance of bonds payable……………………. 60,000
Cash received from customers……………………………….. 1,760,000
Payments for purchase of land………………………………… 480,000 Dividends paid………………………………………………. 160,000
Interest paid…………………………………………………. 20,000
Cash and cash equivalents January 1, 2013………………….. 44,000
Cash and cash equivalents, December 31, 2013……………… ?
Helen Hunt Statement of Cash Flows For the Year Ended December 31, 2013 Cash Flows from operating activities (direct method):
Cash received from customers ……….$ ………..
Cash provided by operating activities $ ……….$ ………. ………..
Cash disbursed for operating activities Net cash flow from operating activities $
Cash flows from investing activities: ……….$ ………..
Net cash used by investing activities Cash flows from financing activities: ……….$ ……….. ……….. ………..
Net cash provided by financing activities Net increase (decrease) in cash……………………………...$
Cash and cash equivalents, beginning of year…………………. Cash and cash equivalents, end of year…………….………….