Format of a Cash Flows Statement-Direct Method
Arrange the Following

question 173

Essay

Format of a cash flows statement-direct method
Arrange the following information to complete the statement of cash flows for Jericho Corporation. Place parentheses around those dollar amounts representing cash outlays.
$\begin{array}{|l|l|}\hline \text { Collections on loans made to borrowers } & \$ 104,000 \\\hline \text { Loans made to borrowers } & \$ 229,000 \\\hline \text { Interest and dividends received } & \$ 24,000 \\\hline \text { Interest paid } & \$ 21,500 \\\hline \text { Income taxes paid } & \$ 91,500 \\\hline \text { Dividends paid } & \$ 44,000 \\\hline \text { Payments to retire bonds payable } & \$ 179,000 \\\hline \text { Payments to settle short-term debts } & 474,000 \\\hline \text { Cash received from customers } & \$ 1,709,000\\\hline \text { Cash paid to suppliers and employees } & 41,054,000\\\hline \text { Proceeds from issuing capital stock } & \$ 254,000 \\\hline \text { Purchases of plant assets } & \$ 684,000 \\\hline \text { Proceeds from sales of plant assets } & \$ 329,000 \\\hline \text { Cash and cash equivalents, beginning of year } & \$ 481,500 \\\hline\end{array}$

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