=+EX 16-7 Cash flows from operating activities—

indirect method objs. 1, 2

✔ Cash flows from operating activities,

$328,700 The board of directors declared cash dividends totaling $152,000 during the current year. The comparative balance sheet indicates dividends payable of $42,000 at the beginning of the year and $38,000 at the end of the year. What was the amount of cash payments to stockholders during the year?