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Prepare the cash flows from operating activities section

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Reference no: EM131801822

The following are various cash flows and other information for Smyczek Company for 2013:

1. Payments of interest, $8,200

2. Receipt from sale of land, $7,900

3. Interest collected, $10,000

4. Payment of dividends, $12,100

5. Depreciation expense, $24,700

6. Collections from customers, $101,600

7. Payments of income taxes, $15,400

8. Receipt from issuance of stock, $18,900

9. Payments to suppliers and employees, $67,500

10. Increase in inventories, $4,600

Required:

Using the direct method, prepare the cash flows from operating activities section of Smyczek's 2013 statement of cash flows.

Reference no: EM131801822

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