Marion Manufacturing had the following cash flows for the current year.The company uses the direct method in preparing the statement of cash flows. $\begin{array}{lr}
\text { Cash receipts from issuance of stock } & 60,000 \
\text { Bonds payable issued at face value } & 250,000 \
\text { Cash dividends received from long-term investments } & 4,500 \
\text { Cash paid for wages } & 20,000 \
\text { Cash paid for dividends } & 5,000 \
\text { Cash received from customers } & 42,500 \
\text { Cash paid for other operating expenses } & 19,500\
\text { Cash paid to purchase equipment }&100,000
\end{array}$ 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?

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The Answer of Marion Manufacturing had the following cash flows for the current year.The company uses the direct method in preparing the statement of cash flows. $\begin{array}{lr}
\text { Cash receipts from issuance of stock } & 60,000 \
\text { Bonds payable issued at face value } & 250,000 \
\text { Cash dividends received from long-term investments } & 4,500 \
\text { Cash paid for wages } & 20,000 \
\text { Cash paid for dividends } & 5,000 \
\text { Cash received from customers } & 42,500 \
\text { Cash paid for other operating expenses } & 19,500\
\text { Cash paid to purchase equipment }&100,000
\end{array}$ 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?

Marion Manufacturing Had the Following Cash Flows for the Current