Accountants for Compass Software have developed the following data from the companv's accounting records for the vear ended April 30, 2005:

a. Purchase of plant assets, \($59,400

b.\) Cash receipt from issuance of common stock, \($8,000

c.\) Payment of dividends, \($48,400

d.\) Collection of interest, \($4,400

e.\) Payments of salaries, \($93,000

f.\) Cash receipt from sale of plant assets, \($22,400\) g. 

Collections from customers, \($605,300\) h. Cash receipt of dividend revenue, \($4,100\) i. Payments to suppliers, \($370,300\) j. Depreciation expense, \($59,900\) k. Cash receipt from issuance of notes payable, \($19,600\) 1. Payments of notes payable, \($50,000\) m. Interest expense and payments, \($13,000\) n. Income tax expense and payments, \($37,000\) o. Cash balance: April 30, 2004, \($39,300;\) April 30, 2005, \($32,000\) Requirement Prepare Compass Software's statement of cash flows for the year ended April 30, 2005. Use the direct method for cash flows from operating activities. Follow the format of Exhibit 16A-3, page 830, but do not show amounts in thousands.

Exhibit 16A-3

ANCHOR CORPORATION Statement of Cash Flows Year Ended December 31, 2008 Cash flows from operating activities: Receipts: Collections from customers Interest received Dividends received Total cash receipts Payments: To suppliers To employees For interest For income tax (In thousands) $269 12 9 $290 $(135) (56) (15) (14) (220) 70 Total cash payments Net cash provided by operating activities Cash flows from investing activities: Acquisition of plant assets Cash receipts from sale of plant assets Net cash used for investing activities Cash flows from financing activities: Acquisition of plant assets Cash receipts from sale of plant assets Net cash used for investing activities Cash flows from financing activities: Cash receipts from issuance of common stock Cash receipts from issuance of notes payable Payment of note payable Payment of dividends Net cash provided by financing activities Net decrease in cash $(310) 50 (260) $(310) 50 (260) $ 100 90 (10) (10) 170 Cash balance, December 31, 2007 Cash balance, December 31, 2008 $ (20) 42 $ 22