The 2017 accounting records of Blocker Transport reveal these transactions and events.

Instructions
Prepare the cash flows from operating activities section using the direct method. (Not all of the items will be used.)

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Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net income Payment of accounts payable $10,000 48,000 18,000 12,000 38,000 Collection of accounts receivable Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Purchase of equipment for cash Loss on disposal of vehicles Payment of dividends Payment of operating expenses $182,000 53,000 16,000 12,000 22,000 3,000 14,000 28,000 for merchandise Payment for land 115,000 74,000