Comfort Spas provides the following data for the year just ended December 31.

Requirement
Prepare the operating activities section of Comfort Spas' statement of cash flows for the year ended December 31 using the direct method for operating cash flows.

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Payments to employees.. Proceeds from sale of land.. Payment of dividends. Payments to suppliers.. Increase in salaries payable. Payment of income tax Collections from customers... Sales revenue Payment of long-term note payable Depreciation expense Purchase of equipment with cash. Purchase of treasury stock Gain on sale of land Cost of goods sold. Proceeds from issuance of common stock.. Beginning balance, cash $ 4,500 $ 4,800 $ 63,000 $ 41,000 $ 7,500 $ 14,000 $ 11,500 $ 62,000 $ 1,100 $ 13,000 $ 9,000 $113,000 $ 14,500 $151,000 $169,000 $ 14,500