The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the year ended December 31, 2007:

             

Cash and cash equivalents, Jan. 1	$ 35,800
Cash and cash equivalents, Dec. 31	74,800
Cash paid to acquire plant assets	21,000
Proceeds from short-term borrowing	10,000
Loans made to borrowers	5,000
Collections on loans (excluding interest)	4,000
Interest and dividends received	27,000
Cash received from customers	795,000
Proceeds from sales of plant assets	9,000
Dividends paid	55,000
Cash paid to suppliers and employees	635,000
Interest paid	19,000
Income taxes paid	71,000

Using this information, prepare a statement of cash flows. Include a proper heading for the financial statement, and classify the given information into the categories of operating activities, investing activities, and financing activities. Determine net cash flows from operating activities by the direct method. Place brackets around the dollar amounts of all cash disbursements.