TIOws for Ditunbel31, 2018. Format operating activities using the direct method. LO4 S11-13. (Learning Objective 4: Computing operating cash flows-direct method) Middle- burg Golf Club, Inc., has assembled the following data for the year ended September 30, 2018: Payment of dividends .$6,500 Payments to suppliers.... 113,000 Proceeds from issuance Purchase of equipment with cash .. 42,000 of common stock22,000 226,000 208,000 17,000 5,700 Payments to employe.79,000 Sales revenue Payment of note payable... 2 Proceeds from sale of land.. 47, Depreciation expense ...anaan 23,000 Collections customers 000P 9,000 ayment of income tax Purchase of treasury stock Prepare the operating activities section of Middleburg Golf Club's statement of cash flows for the year ended September 30. 2018. The company uses the direct method for operating cash flows