Exercise 12-13 Your answer is partially correct. Try again The 2017 accounting records of Splish Brothers Inc. reveal these transactions and events 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 $19,700 Payment of salaries and wages $104,410 31,520 35,460 Proceeds from sale of vehicles 1,599,640 43,340 5,910 27,580 55,160 94,560 Deriation expense 23,640 74,860 191,090 145,780 384.150 Purchase of equipment for cash Loss on sale of vehicles Payment of dividends Payment of operating expenses Prepare the cash flows from operating activities section using the direct method