At the end of the year, Wyatt Company had the following information related to transactions in its cash account:

Payments for inventory	$380,000
Collections on accounts receivables	500,000
Payments for interest	3,000
Payments for wages and salaries	174,000
Payments for purchase of land	45,000
Proceeds from sale of equipment	26,000
Payments for retirement of long-term debt	20,000
Proceeds from sale of common stock	100,000
Payments for taxes	55,000

Additionally, Wyatt had a cash balance at the beginning and ending of the year of $75,000 and $24,000, respectively.

Using this information, prepare Wyatt's cash flow statement using the direct method.