Resources Inc. has assembled the following data for the year ended June 30,2020:LOADING...(Click the icon to view the data.)Prepare Napolitano Resources Inc.'s cash flow statement for the year ended June 30,2020.Napolitano uses the direct method for operating activities. Complete only the first three sections and omit the reconciliation of cash Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash or a net cash outflow. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.)

	Napolitano Resources Inc.
	Cash Flow Statement
	For the Year Ended December 31, 2020
	Cash flows from operating activities
	Collections from customers
	Net cash inflow (outflow) from operating activities

	Cash flows from investing activities:
	Net cash inflow (outflow) from investing activities

	Cash flows from financing activities
	Net cash inflow (outflow) from financing activities

Net increase (decrease) in cash

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Data table

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Payments of dividends	$12,500
Cash received from issuing shares	44,000
Collections from customers	394,000
Cash received from sale of land	115,000
Payments to suppliers	219,000
Purchase of equipment	106,000
Payments to employees	148,000
Payment of note payable	62,000