Marion Manufacturing had the following cash flows for the current year. The company uses the direct method in preparing the statement of cash flows. Cash receipts from issuance of stock$60,000 Bonds payable issued at face value 250,000 Cash dividends received from long-term investments 4,500 Cash paid for wages 20,000 Cash paid for dividends 5,000 Cash received from customers 42,500 Cash paid for other operating expenses 19,500 Cash paid to purchase equipment 100,000 If the cash balance at the beginning of the current year was $0, what is the amount of cash at the end of the year?
A. $155,750
B. $368,750
C. $56,250
D. $212,500
Answer: D
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