Use the following information about the 2018 cash flows of Mason Corporation to prepare a statement of cash flows under the direct method. Refer to Exhibit 4.3 for the appropriate format.

Cash balance, end of 2018 ....................................................... $ 12,000

Cash paid to employees and suppliers ...................................  148,000

Cash received from sale of land ...............................................   40,000

Cash paid to acquire treasury stock ........................................   10,000

Cash balance, beginning of 2018 ...............................................  16,000

Cash received as interest .............................................................  6,000

Cash paid as income taxes ...........................................................  11,000

Cash paid to purchase equipment ...............................................  89,000

Cash received from customers ...................................................... 194,000

Cash received from issuing bonds payable ..................................  30,000

Cash paid as dividends ..................................................................... 16,000

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EXHIBIT 4.3 NBS Statement of Cash Flows (Direct Method) NATURAL BEAUTY SUPPLY, INC. Statement of Cash Flows For the Month Ended December 31, 2018 Cash Flows from Operating Activities Cash received from customers (entries 21, 23, 25) Cash paid for inventory (entry 20). Cash paid for wages (entry 24). Cash paid for rent tentry 27).. Cash paid for advertising (entry 19) $12,900 (3,300) (1,625) (1,500) (700) $ 5,775 Net cash provided by operating activities. Cash Flows from Investing Activities Cash paid for fixtures and equipment (entry 18). Net casih used for investing activities. Cash Flows from Financing Activities Cash received from loans (entry 17). Cash paid for dividends (entry 28) ..... (18,000) (18,000) 11,000 (50) Nei cash provided by financing activities 10,950 Net change in cash.... Cash balance, November 30, 2018.. Cash balance, December 31, 2018.. (1,275) 8,100 $ 6,825 .... ... .....