Calculate cash provided by operating activities direct method. LO3 The 2018 accounting records of Outdoor Adventures Ltd reveal the following transactions and events.

Payment of interest $ 15000 Collection of accounts receivable $190000 Cash sales 60000 Payment of salaries and wages 68000 Receipt of dividend revenue 14000 Depreciation expense 16000 Payment of income tax 16000 Proceeds from sale of aircraft 812000 Profit 38000 Purchase of equipment for cash 22000 Payment of accounts payable for Loss on sale of aircraft 3000 inventory 100000 Payment of dividends 14000 Payment for land 74000 Payment of operating expenses 20000

Required Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. (Not all of the items will be used.)