question archive The following information is available for Washington Mills Corp
The following information is available for Washington Mills Corp
Subject:FinancePrice: Bought3
The following information is available for Washington Mills Corp. for 2012.Cash used to purchase treasury stock ……………………………….$ 48,100Cash dividends paid …………………………………………………..21,800Cash paid for interest …………………………………………………22,400Net income ………………………………………………………….464,300Sales …………………………………………………………………802,000Cash paid for taxes ……………………………………………………99,000Cash received from customers ………………………………………566,100Cash received from sale of building (at book value) ………………..197,600Cash paid for operating expenses …………………………………….77,000Beginning cash balance ……………………………………………….11,000Cash paid for goods and services ……………………………………279,100Cash received from issuing common stock ………………………….355,000Cash paid to redeem bonds at maturity ………………………………200,000Cash paid to purchase equipment …………………………………….113,200InstructionsPrepare a statement of cash flows using the direct method.
