Maritime Fisheries Ltd. provides the following data for the year ended June 30, 2014:

Prepare the operating activities section of Maritime Fisheries Ltd.'s statement of cash flows for the year ended June 30, 2014. Maritime Fisheries uses the direct method for operating cash flows.

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Cost of goods sold Payments to suppliers. Purchase of equipment Payments to employees Payment of note payable Proceeds from sale of land Depreciation expense 100,000 Payment of dividends $ 6,000 Proceeds from issuance of 87,000 40,000 70,000 30,000 60,000 8,000 common s Sales revenue Collections from customers Payment of income tax Repurchase of common shares 20,000 210,000 180,000 10,000 ..