The following is selected information taken from the Cash account of Steven Steel Business for June:

a Cash sales, \(\$ 20000\)

b Payment of interest, \(\$ 1200\)

c Payment for inventory, \(\$ 2000\)

d Collection of accounts receivable, \(\$ 4000\)

e Payments to employees, \(\$ 10000\)

f Collection of interest, \(\$ 1000\).

Required:

Using the direct method, prepare the cash flows from the operating activities section of the Steven Steel Business' cash flow statement for June.