Refer to the information presented in PA-42 and the supplemental information below:

Sales ......................................................................  $2,000,000
Cost of goods sold ...............................................   1,200,000
Sales and administrative expenses ...................      30,000

Data from PA-42

• Ordinary shares were redeemed during the year at their book value.
• The face value of the bonds is $400,000; they pay a coupon rate of 7% per annum. The effective interest rate of interest is 6% per annum.
• Net income was $100,000.
• There was an ordinary stock dividend valued at $20,000 and cash dividends were also paid.
• Interest expense for the year was $100,000. Income tax expense was $50,000.
• Robinson arranged for a $500,000 bank loan to finance the purchase of equipment.
• Robinson sold equipment with a net book value of $150,000 (original cost $200,000) for $180,000 cash.
• Robinson acquired equipment costing $250,000 under a finance lease.
• Robinson has adopted a policy of reporting cash flows arising from the payment of interest and dividends as operating activities.
• The at fair value through profit or loss investments are cash equivalents.

Required:
Prepare the cash flows from operating activities section of the statement of cash flows using the direct method.