The accounting staff of Wyoming Outfitters Inc has assembled

The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the current year ended December 31.

Can someone help me with with this, I am not understanding it at all. Thank you in advance

Cash and cash equivalents, Jan. 1 Cash and cash equivalents, Dec. 31 Cash paid to acquire plant asset Proceeds from short-term borrowing Loans made to borrowers Collections on loans (excluding interest) Interest and dividends received Cash received from customers Proceeds from sales of plant assets Dividends paid Cash paid to suppliers and employees Interest paid Income taxes paid $ 35,800 178,100 20,000 10,000 5,100 4,000 44,400 855,000 9,000 49,000 620,00e 19,000 67,000 Using this information, prepare a statement of cash flows under direct method (List any deduction in cash and cash outflows as negative amounts.) WYOMING OUTFITTERS, INC Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents, January 1,current year Cash and cash equivalents, December 31, current year

Solution

Statement of cash flow : Direct method :

Cash flow from operating activities
Cash received from customers	855000
Cash paid to supplier and employees	(620000)
Interest paid	(19000)
Income tax paid	(67000)
Net cash flow from operating activities		149000
Cash flow from investing activites
Interest and dividend received	44400
Acquire plant assets	(20000)
Sale of plant assets	9000
Net cash flow from investing activities		33400
Cash flow from financing activities
Dividend paid	(49000)
Collection of loan	4000
Loan made to borrowers	(5100)
Proceeds from short term borrowing	10000
Net cash flow from financing activities		(40100)
Net cash flow		142300
Cash and cash equivalents, January 1, current year		35800
Cash and cash equivalent, December 31, current year		178100