Operating Cash Flows: Direct Method The following are various cash flows and other information for Smyczek Company: a. Payments of interest, $8,800 b. Receipt from sale of land, $7,900 c. Interest collected, $10,000 d. Payment of dividends, $12,100 e. Depreciation expense, $24,700 f. Collections from customers, $102,600 g. Payments of income taxes, $15,600 h. Receipt from issuance of stock, $18,900 i. Payments to suppliers and employees, $67,500 j. Increase in inventories, $4,600 Required: Using the direct method, prepare the operating activities section of Smyczek's statement of cash flows. SMYCZEK COMPANY Statement of Cash Flows (Partial) For Year Ended December 31, Current Year Operating Activities: Cash Inflows: Collections from customers Interest collected Cash inflows from operating activities Cash Outflows: Payment of dividends $102,600 Cash outflows for operating activities Net cash provided by operating activities