18.)Statement of Cash Flows (Direct Method) Use the following information regarding the cash flows of Mason Corporation to prepare a statement of cash flows using the direct method:

Cash balance, December 31	$12,000
Cash paid to employees and suppliers	148,000
Cash received from sale of land	40,000
Cash paid to acquire treasury stock	10,000
Cash balance, January 1	16,000
Cash received as interest	6,000
Cash paid as income taxes	11,000
Cash paid to purchase equipment	89,000
Cash received from customers	194,000
Cash received from issuing bonds payable	30,000
Cash paid as dividends	16,000

Hint: Enter cash outflows as negative numbers

Cash Flow from Operating Activities
Cash Received from Customers	$Answer
Cash Received as Interest	Answer	$Answer
Cash Paid to Employees and Suppliers	Answer
Cash Paid as Income Taxes	Answer	Answer
Cash Provided by Operating Activities		Answer
Cash Flow from Investing Activities
Sale of land	Answer
Purchase of Equipment	Answer
Cash Used by Investing Activities		Answer
Cash Flow from Financing Activities
Issuance of Bonds Payable	Answer
Acquisition of Treasury Stock	Answer
Payment of Dividends	Answer
Cash Provided by Financing Activities		Answer
Net Decrease in Cash		Answer
Cash at Beginning of Year		Answer
Cash at End of Year		$Answer