Preparing a Statement of Cash Flows (Direct Method) Use the following information about the 2018 cash flows of Mason Corporation to prepare a statement of cash flows under the direct method. Refer to Exhibit 4.3 (found in Chapter 4 of the textbook on page 163) for the appropriate format. Cash balance, end of 2018 $12,000 Cash paid to employees and suppliers 148,000 Cash received from sale of land 40,000 Cash paid to acquire treasury stock 10,000 Cash balance, beginning of 2018 16,000 Cash received as interest 6,000 Cash paid as income taxes 11,000 Cash paid to purchase equipment 89,000 Cash received from customers 194,000 Cash received from issuing bonds payable 30,000 Cash paid as dividends 16,000 Note: Use a negative sign with your answer to indicate a reduction in cash/cash outflow. MASON CORPORATION STATEMENT OF CASH FLOWS FOR YEAR ENDED DECEMBER 31, 2018 Cash flows from operating activities Cash received from customers $ Cash received as interest Cash paid as income taxes Net cash provided by operating activities Cash flows from investing activities Purchase of equipment Net cash used by investing activities Cash flows from financing activities Issuance of bonds payable Acquisition of treasury stock Net cash provided by financing activities Net decrease in cash Cash at end of year