To prepare the cash flow statement, accountants for C. Yang, Inc. summarized 2014 activity in the Cash account as follows:

Requirement
Prepare the cash flow statement of C. Yang, Inc. for the year ended December 31, 2014, using the direct method for operating activities.

Cash 53,600 Payment on accounts payable 399,100 27,200 673,700 Payment of salaries and wages 143,800 26,900 10,200 Payment of operating expenses 34,300 67,700 18,900 Beginning balance Receipts of interest Collections from customers Issuance of common shares 47,300 Payment of interest 17,100 Payment of dividends Payment for equipment Payment of notes payable Payment of income tax Ending balance 63,600