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Question
Use the following calendar-year information to prepare Adam Company's statement of cash flows using the direct method.| Cash paid to purchase machinery"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6 | $ 124,000 |
| Cash paid for merchandise inventory"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6.. | 220,000 |
| Cash paid for operating expenses"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6 | 280,000 |
| Cash paid for interest"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6... | 4,000 |
| Cash received for interest"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6 | 10,000 |
| Cash proceeds from sale of land"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6.. | 100,000 |
| Cash balance at beginning of year"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6.. | 15,000 |
| Cash balance at end of year"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6. | 77,000 |
| Cash borrowed on a short-term note"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6 | 25,000 |
| Cash dividends paid"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6. | 24,000 |
| Cash received from stock issuance"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6.. | 57,000 |
| Cash collections from customers"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6. | 522,000 |
Answer
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