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