Middleburg Golf Club, Inc., has assembled the following data for the year ended September 30, 2021: 

Prepare the operating activities section of Middleburg Golf Club’s statement of cash flows for the year ended September 30, 2021. The company uses the direct method for operating cash flows.

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Cost of goods sold.............. Payments to suppliers.. Purchase of equipment with cash..... Payments to employees...... Payment of note payable.... Proceeds from sale of land... Depreciation expense. $106,000 113,000 42,000 79,000 23,000 47,000 9,000 Payment of dividends.. Proceeds from issuance of common stock. Sales revenue..... Collections from customers.. Payment of income tax....... Purchase of treasury stock... $ 6,500 22,000 226,000 208,000 17,000 5,700