Napanee Resources Inc. has assembled the following data for the year ended June 30, 2014.
Payment of dividends............................................................... $ 12,000
Cash received from issuing shares............................................... 40,000
Collections from customers........................................................400,000
Cash received from sale of land................................................ 120,000
Payments to suppliers............................................................... 220,000
Purchase of equipment............................................................... 80,000
Payments to employees............................................................ 140,000
Payment of note payable............................................................ 60,000
Prepare only the operating activities section of Napanee's cash flow statement for the year ended June 30, 2014. Napanee uses the direct method for operating cash flows.