Campbell Company engaged in the following transactions for Year $1.$ The beginning cash balance was $$27,700$ and the ending cash balance was $$74,227.$

Sales on account were $$282,100.$ The beginning receivables balance was $$94,900$ and the ending balance was $$76,200.$

Salaries expense for the period was $$51,570.$ The beginning salaries payable balance was $$3,115$ and the ending balance was $$1,780.$

Other operating expenses for the period were $$122,640.$ The beginning other operating expenses payable balance was $$4,430$ and the ending balance was $$8,368.$

Recorded $$19,210$ of depreciation expense. The beginning and ending balances in the Accumulated Depreciation account were $$13,540$ and $$32,750,$ respectively.

The Equipment account had beginning and ending balances of $$210,530$ and $$245,030,$ respectively. There were no sales of equipment during the period.

The beginning and ending balances in the Notes Payable account were $$50,000$ and $$153,000,$ respectively. There were no payoffs of notes during the period.

There was $$6,367$ of interest expense reported on the income statement. The beginning and ending balances in the Interest Payable account were $$1,787$ and $$1,191,$ respectively.

The beginning and ending Merchandise Inventory account balances were $$90,570$ and $$108,684,$ respectively. The company sold merchandise with a cost of $$156,545($cost of goods sold for the period was $$156,545).$ The beginning and ending balances in the Accounts Payable account were $$9,850$ and $$11,919,$ respectively.

The beginning and ending balances in the Notes Receivable account were $$4,800$ and $$9,300,$ respectively. Notes receivable result from long$-$term loans made to employees. There were no collections from employees during the period.

The beginning and ending balances in the Common Stock account were $$103,000$ and $$127,000,$ respectively. The increase was caused by the issue of common stock for cash.

Land had beginning and ending balances of $$50,400$ and $$38,416,$ respectively. Land that cost $$11,984$ was sold for $$8,840,$ resulting in a loss of $$3,144.$

The tax expense for the period was $$8,270.$ The Taxes Payable account had a $$1,050$ beginning balance and a $$967$ ending balance.

The Investments account had beginning and ending balances of $$22,900$ and $$27,000,$ respectively. The company purchased investments for $$17,600$ cash during the period, and investments that cost $$13,500$ were sold for $$26,000,$ resulting in a $$8,400$ gain.

Required

Determine the amount of cash flow for each item and indicate whether the item should appear in the operating, investing, or financing activities section of a statement of cash flows. Assume Campbell Company uses the direct method for showing net cash flow from operating activities.

Prepare a statement of cash flows using the direct method.