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Using the Following Information, Complete the Statement of Cash Flows

question 127

Essay

Using the following information, complete the statement of cash flows for Nutritional Foods for the year ended 31 December 2014. Place parentheses around those figures in the statement representing cash outlays. (Assume interest and dividends received and paid are classified as operating activities)
$\begin{array}{ll} \text { Payments for purchase of land. } & \$ 416,000 \\ \text { Proceeds from sale of land } & \$ 58,000 \\ \text { Proceeds from issuance of ordinary shares } &\$347,000\\ \text {Proceeds from issuance of bonds payable } &\$99,000\\ \text {Payments to settle short-term debt } &\$74,000\\ \text { Interest and dividends received} &\$49,500\\ \text { Cash receipts from customers } &\$1,502,000\\ \text { Dividends paid} &\$182,000\\ \text { Cash paid to suppliers and employees} &\$1,172,000\\ \text {Interest paid } &\$66,000\\ \text {Income taxes paid } &\$115,500\\ \text { Cash and cash equivalents, 1 January, 2014 } &\$86,000\\ \text { Cash and cash equivalents, 31 December 2014 } &?\\\end{array}$
$Using the following information, complete the statement of cash flows for Nutritional Foods for the year ended 31 December 2014. Place parentheses around those figures in the statement representing cash outlays. (Assume interest and dividends received and paid are classified as operating activities) \begin{array}{ll} \text { Payments for purchase of land. } & \$ 416,000 \\ \text { Proceeds from sale of land } & \$ 58,000 \\ \text { Proceeds from issuance of ordinary shares } &\$347,000\\ \text {Proceeds from issuance of bonds payable } &\$99,000\\ \text {Payments to settle short-term debt } &\$74,000\\ \text { Interest and dividends received} &\$49,500\\ \text { Cash receipts from customers } &\$1,502,000\\ \text { Dividends paid} &\$182,000\\ \text { Cash paid to suppliers and employees} &\$1,172,000\\ \text {Interest paid } &\$66,000\\ \text {Income taxes paid } &\$115,500\\ \text { Cash and cash equivalents, 1 January, 2014 } &\$86,000\\ \text { Cash and cash equivalents, 31 December 2014 } &?\\ \end{array}$

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