The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the year ended December31, 2015:
Cashand cash equivalents, Jan. 1 $ 35,800
Cashand cash equivalents, Dec. 31 150,000
Cashpaid to acquire plant assets 23,000
Proceeds from short-term borrowing 10,000
Loans made to borrowers 5,200
Collections on loans (excluding interest) 4,000
Interest and dividends received 32,400
Cashreceived from customers 835,000
Proceeds from sales of plant assets 9,000
Dividends paid 53,000
Cashpaid to suppliers and employees 606,000
Interest paid 19,000
Income taxes paid 70,000
Using this information, prepare a statement of cash flows underdirect method. (List any deduction in cash and cashoutflows as negative amounts.)
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