cruzhazeL999
08.10.2019 •
Business
The following information is for redwood inc. for the year ended december 31, 2021. redwood had a balance for cash and cash equivalents of $5,200 on january 1, 2021. cash received from: customers $ 1,900 interest on investments 200 sale of land 100 issuance of common stock 600 issuance of debt securities 2,000 cash paid for: interest on debt 300 income tax 80 debt principal reduction 1,500 purchase of equipment 4,100 purchase of inventory 1,000 dividends on common stock 200 operating expenses 500 required: prepare a statement of cash flows for the year using the direct method for operating activities
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