8A. King Island, Inc. began 2018 with cash of $30,000. During the year, King Island earned revenue of $210,000 and collected $70,000 from customers. Expenses for the year totaled $153,000, of which King Island paid $54,000 in cash to suppliers and $75,000 in cash to employees. The company received $2,100 cash for interest revenue and paid $13,000 for income taxes. King Island also paid $32,000 to purchase equipment and a cash dividend of $20,000 to its stockholders during 2018. Prepare the company's operating activities section of the statement of cash flows for the year ended December 31, 2018. Use the direct method. (Use parentheses or a minus sign for net cash used for operating activities. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) King Island, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2018 Cash Flows from Operating Activities Receipts Total Cash Receipts Payments: 8A. King Island, Inc. began 2018 with cash of $30,000. During the year, King Island earned revenue of $210,000 and collected $70,000 from customers. Expenses for the year totaled $153,000, of which King Island paid $54,000 in cash to suppliers and $75,000 in cash to employees. The company received $2,100 cash for interest revenue and paid $13,000 for income taxes. King Island also paid $32,000 to purchase equipment and a cash dividend of $20,000 to its stockholders during 2018. Prepare the company's operating activities section of the statement of cash flows for the year ended December 31, 2018. Use the direct method. (Use parentheses or a minus sign for net cash used for operating activities. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Cash Flows from Operating Activities: Receipts: Total Cash Receipts Payments: Total Cash Payments Net Cash Provided by (Used for) Operating Activities