Use the Following Information About the Calendar 2021 Cash Flows

question 126

Essay

Use the following information about the calendar 2021 cash flows of Grandeux Corp.to prepare a statement of cash flows (direct method)and a schedule of noncash investing and financing activities.
$\begin{array}{|l|r|}\hline \text { Cash and cash equivalents balance, December 31,2020 } & 12,000 \\\hline \text { Cash and cash equivalents balance, December 31,2021 } & 43,500 \\\hline \text { Cash payments for merchandise } & 60,500 \\\hline \text { Cash paid for store equipment } & 30,500 \\\hline \text { Cash borrowed on 3-month note payable } & 23,000 \\\hline \text { Cash dividends paid } & 6,000 \\\hline \text { Cash paid for salaries } & 66,000 \\\hline \text { Cash payments for other expenses } & 32,000 \\\hline \text { Building purchased and financed by long-term note payable } & 52,000 \\\hline \text { Cash received from customers } & 157,000 \\\hline \text { Cash dividends received from share investments } & 46,500\\\hline\end{array}$

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A legal principle under the Fourteenth Amendment of the U.S. Constitution, ensuring that no state shall deny to any person within its jurisdiction the equal protection of the laws.

Suspect Class

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