DE17-10 eFax.com, Inc., accountants have assembled the following data for the year ended Preparing a statement of cash December 31, 20X2. flows-direct method (Obj. 3) Cost of goods sold Payments to suppliers. $100.000 Payment of dividends. $ 6,000. 80,000 Proceeds from issuance Purchase of equipment. 90.000 of common stock. 58,000 Payments to employees 70,000 Sales revenue 210,000 Payment of note payable. 30,000 Collections from customers. 170,000 Proceeds from sale of land 60,000 Payment of income tax. 10,000 Depreciation expense.. 15,000 Purchase of treasury stock. 5,000 Prepare eFax.com, Inc.'s statement of cash flows for the year ended December 31, 20X2. eFax uses the direct method for operating activities. Use Exhibit 17-2 (page 657) as a guide.