P14A-15A To prepare the statement of cash flows, accountants for E-Mobile, Inc., have summarized

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P14A-15A Preparing the statement of cash flows—direct method [45–60 min]

To prepare the statement of cash flows, accountants for E-Mobile, Inc., have summarized
2012 activity in the Cash account as follows:

Beginning balance	87,200	Payments of operating expenses	46800
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
Ending balance	99,900	Payments on accounts payable	101,600
		Payments of dividends	1,400
		Payments of interest	21,700
		Purchase of equipment	49,500

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.