(Solved): prepare a complete statement of cash flows using the direct method Additional Information on Current ...

Additional Information on Current Year Transactions Required: Prepare a complete statement of cash flows using the direct method. (Amounts to be deducted should be sign.) Additional Informotion on Current Year Transactions a. The loss on the cash sale of equipment was \( \$ 7.125 \) (details in b). b. Sold equipment costing \( \$ 52.875 \), with accumulated depreciation of \( \$ 32.125 \), for \( \$ 13,625 \) cash c. Purchased equipment costing \( \$ 98,375 \) by paying \( \$ 34,000 \) cash and signing a long-term notes payable for the baland d. Paid \( \$ 46.925 \) cash to reduce the longterm notes payable e. Issued \( 2.700 \) shares of common stock for \( \$ 20 \) cash per share. f. Declared and paid cash dividends of \( \$ 50,500 \). Required: Prepare a complete statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a mi \( \operatorname{sian} .1 \)