To prepare the statement of cash flows, accountants for A-Mobile, Inc., vou have summarized 2008 activity in the Cash account as follows:

Requirement 

Prepare A-Mobile's statement of cash flows for the year ended December 31, 2008, using the direct method to report operating activities. Follow the statement format given in Exhibit 16A-3.

Exhibit 16A-3

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Cash Beginning balance Issuance of common stock Receipts of interest revenue Collections from customers 87,100 Payments of operating expenses 46,100 60,800 Payments of salaries and wages 14,100 Payment of note payable 308,100 Payment of income tax 67,500 80,000 8,000 Payments on accounts payable 101,600 Payment of dividends 1,800 Payments of interest 21,800 Purchase of equipment 51,500 Ending balance 91,800