S16-4 Preparing operating activities using the direct method Happy Tot's Learning Centre has assembled the following data for the year ended 30 June 2016: Payments to suppliers Purchase of equipment $117 000 42 000 Payments to employees 72 000 Payment of bill payable 25 000 Payment of dividends 7 000 Cash receipt from issue of shares 18 000 Collections from customers 190 000 Cash receipt from sale of land 60 000 Requirement Prepare the operating activities section of the business's cash flow statement for the year ended 30 June 2016, using the direct method.