Wilburn Company collected $100,000 from customers and paid employees and suppliers $90,000 during 20A.In addition,the company borrowed $30,000 from the bank and purchased equipment for $20,000.The company's 20A statement of cash flows would show which of the following?

Question

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The cash inflows are $100,000 from customers and $30,000 from the bank, totaling $130,000. The cash outflows are $90,000 for employees and suppliers and $20,000 for equipment, totaling $110,000. The net increase in cash is $130,000 - $110,000 = $20,000.

Wilburn Company Collected $100,000 from Customers and Paid Employees and Suppliers