The 2014 accounting records of Rogan Transport reveal these transactions and events.

Instructions
Prepare the cash flows from operating activities section using the directmethod.

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Payment of interest Cash sales 10,000 Payment of salaries and wages 53,000 16,000 18,000 Proceeds from sale of vchicles 812,000 12,000 Purchase of equipment for cash 22,000 3,000 14,000 28,000 48,000 Depreciation expense Receipt of dividend revenue Payment of income taxes Net income Payment for merchandise 38,000 97,000 Loss on sale of vehicles Payment of dividends 171.000f operating espenases Payment for land Collection of accounts receivable 195,000