method cash flows-direct LO4 SI1-13. (Learning Objective 4: Computing operating burg Golf Club. Inc., has assembled the following data for the year ended Septem Payment of dividends Proceeds from issuance 5 6,500 $106,000 113,000 42,000 79,000 23,000 47,000 9,000 Cost of goods sold. Payments to suppliers Purchase of equipment with cash. Payments to employecs.. Payment of note payable Proceeds from sale of land.. Depreciation expense of common stock 22.00) 226,000 e208,00 17,000 5,700 Sales revenue.... Collections from customers.... Payment of income tax Purchase of treasury stock.... Prepare the operating activities section of Middleburg Golf Club's statement of cash flows f the year ended September 30.2018. The company uses the direct method for operating cash flows 043