The following information is available for Balboa Corp. for 2017.
Cash used to purchase treasury stock
$ 48,100
Cash dividends paid
21,800
Cash paid for interest
22,400
Net income
464,300
Sales revenue
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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