Acc206 Principles of Accounting: P14A-15A To prepare the statement of cash flows, E-Mobile, Inc

Acc206 Principles of Accounting

P14A-15A
To prepare the statement of cash flows, accountants for E-Mobile, Inc., have summarized 2012 activity in the Cash account as follows:
Cash
Beginning balance 87,200 Payments of operating expenses 46,800
Issuance of common stock 60,200 Payments of salaries and wages 64,500
Receipts of interest revenue 16,100 Payment of note payable 79,000
Collections from customers 308,400 Payment of income tax 7,500
Payments of accounts payable 101,600
Payments of dividends 1,400
Payment of interest 21,700
Purchase of equipment 49,500
Ending Balance 99,900

Requirement:
1. Prepare E-Mobile's statement of cash flows for the year ended December 31, 2012, using the direct method to report operating activities.
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