Use the following information regarding the cash flows of Dixon Corporation to prepare a statement of cash flows using the direct method:

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Cash balance, December 31 9,000 Cash paid to employees and suppliers. 158,000 Cash received from sale of land... 42,000 Cash paid to acquire treasury stock. Cash balance, January 1 10,000 18,000 Cash received as interest. 8,000 Cash paid as income taxes 9,000 Cash paid to purchase equipment 89,000 Cash received from customers.. 199,000 Cash received from issuing bonds payable 30,000 Cash paid as dividends 22,000