Using the data for E13- 28B, prepare the statement of cash flows using the direct method.
In E13-28B

s 6,500 Payments to employees Payment of note payable.. Depreciation expense Purchase of equipment Purchase of treasury stock Gain on sale of land.. Cost of goods sold....$ Proceeds from issuance of common stock.... 10,500 Collections from customers. Beginning balance, cashnun13,000 Sales revenue 65,500 40,000 7,000 Payment of dividendsmmunom12,500 ...$61,000 S1,300 Increase in salaries payable . 13,500 8,500 $152,000 $165,000 4,200 Prceds from sale of land.. Payments to suppliers. www.w... 109,000 Payment of income tax