Inland Equipment, Inc. assembled the following data related to its cash transactions for the year ended June 30, 2014:

Payment of dividends ............ $ 6,000

Proceeds from issuance of shares ..... 20,000

Collections from customers ........200,000

Proceeds from sale of land ........ 60,000

Payments to suppliers ............ 80,000

Purchase of equipment ......... 40,000

Payments to employees ......... 70,000

Payment of note payable ......... 30,000

Prepare Inland Equipment’s cash flow statement for the year ended June 30, 2014 using the direct method. Inland Equipment's cash balance at June 30, 2013 was $12,000.