Using the data from E13-18A, prepare the statement of cash flows using the direct method. Payments to

Using the data from E13-18A, prepare the statement of cash flows using the direct method.

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Payments to employees. Proceeds from sale of land.. $ 4,000 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 $ 64,000 $ 4,400 Payment of dividends.. $ 40,500 $ 9,500 $ 11,000 Payments to suppliers. Increase in salaries payable. Payment of income tax $ 12,500 $ 1,000 $ 65,000 $ 12,000 $ 9,500 $108,000 Collections from customers.. Sales revenue $ 12,500 $153,000 $ 15,000 $167,000