Format of a Cash Flows Statement-Direct Method
Arrange the Following

Format of a cash flows statement-direct method
Arrange the following information to complete the statement of cash flows for Jericho Corporation assuming interest and dividends received and paid are classified as operating activities. Place parentheses around those dollar amounts representing cash outlays.
$\begin{array}{|l|r|}\hline \text { Collection on loans made to bor rowers } & \$ 104,000 \\\hline \text { Loans made to bor rowers } & \$ 229,000 \\\hline \text { Interest and dividends received } & \$ 24,000 \\\hline \text { Interest paid } & \$ 21,500 \\\hline \text { Income taxes paid } & \$ 91,500 \\\hline \text { Dividends paid } & \$ 44,000 \\\hline \text { Payments to retire bonds payable } & \$ 179,000 \\\hline \text { Payments to settle short-term debts } & \$ 474,000 \\\hline \text { Cash receipts from customers } & \$ 1,709,000 \\\hline \text { Cash paid to suppliers and employees } & \$ 1,054,000 \\\hline \text { Proceeds from issuing ordinary shares } & \$ 254,000 \\\hline \text { Purchases of property, plant and equipment } & \$ 684,000 \\\hline \text { Proceeds from sales of property, plant and equipment } & \$ 329,000 \\\hline \text { Cash and cash equivalents, beginning of year } & \$ 481,500\\\hline\end{array}$