E 14-17 LOZ Cash Flows from Operating Activities (Direct Method) The 2018 accounting records of Green Corp. reveal these transactions and events. Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net income Payment of accounts payable for merchandise Payment for land 10,000 60,000 15,000 12,000 47,000 Collection of accounts receivable Payment of salaries and wages Depreciation expense Proceeds from disposal of plant assets Purchase of equipment for cash Loss on disposal of plant assets Payment of dividends Payment of operating expenses 190,000 55,000 13,000 12,000 25,000 3,000 20,000 30,000 110,000 80,000 Required: Prepare the cash flows from operating activities section using the direct method. (Not all of the items will be used.)