Use the Following Calendar-Year Information to Prepare David Company's Statement

question 29

Essay

Use the following calendar-year information to prepare David Company's statement of cash flows using the direct method.You may omit the schedule reconciling net income and net cash provided or used by operating activities.
$$\begin{array} { | l | r | } \hline \text { Cash paid to purchase machinery } & \$ 124 _ { 2 } 000 \\\hline \text { Cash paid for merchardise irventory } & 220,000 \\\hline \text { Cash paid for operatirre expenses } & 280,000 \\\hline \text { Cash paid for interest } & 4,000 \\\hline \text { Cash received for interest } & 10,000 \\\hline \text { Cash proceeds from sale of land } & 100,000 \\\hline \text { Cash balance at begirning of year } & 15,000 \\\hline \text { Cash balance at end of year } & 77,000 \\\hline \text { Cash borrowed on a short-ternn note } & 25,000 \\\hline \text { Cash dividends paid } & 24,000 \\\hline \text { Cash received from stock issuarice } & 57,000 \\\hline \text { Cash collections from customers } & 522,000 \\\hline\end{array}$$

Assess the influence and outcomes of the counterculture movement.

Recognize the significance of major protests and their impact on political and social change.

Evaluate the role of key figures and movements in advancing civil rights and social justice.

Identify the contributions of ethnic and minority rights movements to the broader struggle for equality.

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Definitions:

Middle Age

A period of adulthood that typically ranges from around 40 to 65 years old, often considered a time of personal reassessment and transition.

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development across the lifespan.

Intimacy Versus Isolation

A stage in Erik Erikson's theory of psychosocial development focusing on the challenge of developing close, committed relationships in early adulthood.

Ego Identity

The sense of self that an individual develops across their life span through social interactions, integrating personal skills, values, and beliefs with societal expectations.