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

question 126

Essay

Use the following calendar-year information to prepare David Company's statement of cash flows using the direct method:
$\begin{array}{|l|r|}\hline \text { Cash paid to purchase machinery } & \$ 124,000 \\\hline \text { Cash paid for merchandise inventory } & 220,000 \\\hline \text { Cash paid for operating expenses } & 280,000 \\\hline \text { Cash paid for interest } & 4,000 \\\hline \text { Cash received for interest } & 10,000 \\\hline \text { Cash proceeds from sale of land } & 100,000 \\\hline \text { Cash balance at beginning of year } & 15,000 \\\hline \text { Cash balance at end of year } & 77,000 \\\hline \text { Cash borrowed on a short-term note } & 25,000 \\\hline \text { Cash dividends paid } & 24,000 \\\hline \text { Cash received from stock issuance } & 57,000 \\\hline \text { Cash collections from customers } & 522,000\\\hline\end{array}$

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Definitions:

Oral Hygiene

The practice of keeping the mouth clean to prevent dental problems and bad breath, involving brushing, flossing, and sometimes mouthwash.

Semi-Fowler's

A position where a patient lies on their back with the head and torso raised between 15 to 45 degrees.

Supine

Lying horizontally with the face and torso facing up, as opposed to prone positioning where the body is facing down.

Outer Canthus

The outer corner where the upper and lower eyelids meet, an anatomical landmark of the eye area.