Maplebrook Spas provides the following data for the year just ended December 31st.

Requirement
Prepare the operating activities section of Maplebrook Spas' statement of cash flows for the year ended December 31st using the direct method for operating cash flows.

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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 sto Beginning balance, cash $ 6,500 Payments to employees.. S 63,500 $ 44,500 S 11,500 S 69,000 ..12,000 S 9,000 $147,000 $171,000 $ 8,000 Payment of dividends $ 12,500 Payments to suppliers $ 1,500 Increase in salaries payable.... $109,000 Payment of income tax $12,000 Sales revenue