Maritime Fisheries Ltd. provides the following data for the year ended June 30, 2017:

Prepare the operating activities section of Maritime Fisheries Ltd.'s statement of cash flows for the year ended June 30, 2017. Maritime Fisheries uses the direct method for operating cash flows. Use Exhibit 10A-3 on page 529 as a guide.
EXHIBIT 10A-3 Statement of Cash Flows- Direct Method

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Cost of goods sold Payments to suppliers Purchase of equipment Payments to employees Payment of note payable $100,000 87,000 40,000 70,000 Payment of dividends Proceeds from issuance of $ 6,000 20,000 210,000 common shares Sales revenue 60,000 Payment of income tax 10,000 5,000 t.. Depreciation expense 8,000 Repurchase of common shares. Bradshaw Corporation Statement of Cash Flows For the Year Ended December 31, 2017 2 (in thousands) 3 Cash flows from operating activities: 4 Receipts: Collections from customers Interest received on notes receivable Dividends received on investments in shares S 271 10 9 7 Total cash receipts $290 9 Payments: 10 To suppliers To employees For interest For income tax (133) (58) (16) (15) 12 13 Total cash payments (222) (68) 15 Net cash provided by operating activities 16