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

Payments to employees.. Proceeds from sale of land.. Payment of dividends. Payments to suppliers.. Increase in salaries payable. Payment of income tax Collections from customers... Sales revenue Payment of long-term note payable Depreciation expense Purchase of equipment with cash. Purchase of treasury stock Gain on sale of land Cost of goods sold. Proceeds from issuance of common stock.. Beginning balance, cash $ 4,500 $ 4,800 $ 63,000 $ 41,000 $ 7,500 $ 14,000 $ 11,500 $ 62,000 $ 1,100 $ 13,000 $ 9,000 $113,000 $ 14,500 $151,000 $169,000 $ 14,500