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

Requirement
Prepare the operating activities section of Orange Grove Spas€™ statement of cash flows for the year ended December 31 using the direct method for operating cashflows.

s 6,500 Payments to employees Payment of note payable.. Depreciation expense Purchase of equipment Purchase of treasury stock Gain on sale of land.. Cost of goods sold....$ Proceeds from issuance of common stock.... 10,500 Collections from customers. Beginning balance, cashnun13,000 Sales revenue 65,500 40,000 7,000 Payment of dividendsmmunom12,500 ...$61,000 S1,300 Increase in salaries payable . 13,500 8,500 $152,000 $165,000 4,200 Prceds from sale of land.. Payments to suppliers. www.w... 109,000 Payment of income tax