The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the current year ended December 31.Using this information, prepare a statement of cash flows. Include a proper heading for the financial statement, and classify the given information into the categories of operating activities, investing activities, and financing activities. Determine net cash flows from operating activities by the direct method. Place brackets around the dollar amounts of all cash disbursements.

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Cash and cash equivalents, Jan. 1 Cash and cash equivalents, Dec. 31 Cash paid to acquire plant assets Proceeds from short-term borrowing Loans made to borrowers .... Collections on loans (excluding interest) Interest and dividends received Cash received from customers Proceeds from sales of plant assets Dividends paid.... Cash paid to suppliers and employees Interest paid Income taxes paid 35,800 74,800 21,000 10,000 5,000 4,000 27,000 795,000 9,000 55,000 635,000 19,000 71,000