Juarez Equipment, Inc., assembled the following data related to its cash transactions for the year ended June 30, 2018:

Payment of dividends........................................................................................$ 16,000
Proceeds from issuance of stock ........................................................................21,000
Collections from customers ..............................................................................213,000
Proceeds from sale of land .................................................................................61,000
Payments to suppliers .........................................................................................92,000
Purchase of equipment with cash .....................................................................38,000
Payments to employees .....................................................................................67,000
Payment of long-term note payable .................................................................41,000

Prepare Juarez Equipment’s statement of cash flows for the year ended June 30, 2018, using the direct method. Juarez Equipment’s cash balance at June 30, 2017, was $23,000.