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

P14A-15A  To prepare the statement of cash flows, accountants for E-Mobile, Inc., have summarized 2012 activity in the Cash account as follows:

                    Cash

Beginning balance     87,200                        Payments of operating expenses 46,800

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

                                                                  Payments of accounts payable 101,600

                                                                  Payments of dividends 1,400

                                                                  Payment of interest 21,700

                                                                  Purchase of equipment 49,500

Ending Balance 99,900

Required:

Prepare E-Mobile’s statement of cash flows for the year ended December 31, 2012, using the direct method to report operating activities.