The 2022 accounting records of Megan Transport reveal these transactions and events.

Instructions 

Prepare the cash flows from operating activities section using the direct method.

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Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net income Payment for merchandise Payment for land Collection of accounts receivable Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Purchase of equipment for cash Loss on sale of vehicles Payment of dividends Payment of operating expenses $ 10,000 48,000 $ 53,000 16,000 18,000 812,000 38,000 97,000 3,000 14,000 28,000 74,000 195,000