DE17-7 (Daily Exercise 17-10 is an alternative exercise.) eFax.com. Inc., accountants have assembled the following data for the year ended December 31, 20X2: Cost of goods sold Payments to suppliers $100,000 80,000 Payment of dividends Proceeds from issuance $ 6,000 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 15,000 Purchase of treasury stock. 5,000 Depreciation expense. Prepare the operating activities section of eFax.com's statement of cash flows for the year. ended December 31, 20X2. eFax uses the direct method for operating cash flows.