Determining Operating Cash Flows$-$Direct Method

Taser Corporation's recent comparative balance sheet and income statement follow.

Additional information

$1.$ Purchased a plant asset, $$60,000$; issued capital stock in full payment.

$2.$ Purchased a long$-$term investment in equity securities for cash, $$20,000.$

$3.$ Declared and paid cash dividend, $$20,000.$

$4.$ Sold a plant asset for $$10,000$ cash $($cost$,$ $$36,000$; accumulated depreciation, $$32,000).$

$5.$ Issued common stock, $1,000$ shares at $$11$ per share cash.

Prepare the operating activities section of the statement of cash flows, using the direct method.

Cash Flows from Operating Activities

Collections from customers

Payments to suppliers

Payments for salaries

Payments for income taxes

Payments for interest

Other expenses

Net cash provided $($used$)$ by operating activities