Preparing a Statement of Cash Flows (Direct Method) Use the following information about the annual cash flows of Mason Corporation to prepare a statement of cash flows under the direct method. Cash receipts or payments within each section can be listed in any order. TIP: Refer to Exhibit 4.3 for the appropriate format. Cash balance, end of year $9,000 Cash paid to employees and suppliers 111,000 Cash received from sale of land 30,000 Cash paid to acquire treasury stock 7,500 Cash balance beginning of year 12,000 Cash received as interest 4,500 Cash paid as income taxes 8,250 Cash paid to purchase equipment Cash received from customers 66,750 145,500 Cash received from issuing bonds payable 22,500 Cash paid as dividends 12,000 Mason Corporation Statement of Cash Flows For the Year Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities >>>>> >> > >>>>>>> $