Chapter 11 Graded Homework Question= Milford Golf Club, Inc., has assembled the following data for the year ended September 30, 2018: (Click the icon to view the data.) Prepare the operating activities section of Milford Golf Club's statement of cash flows for the year ended S numbers to be subtracted and for a net decrease in cash.) Milford Golf Club, Inc. Statement of Cash Flows (Direct Method) Year Ended September 30, 2018 Cash flows from operating activities: Cash payments: Total cash payments Net cash provided by (used for) operating activities O Question 8, S11-13 (similar to) > HW Score: 24%, 6 of 25 points O Points: 0 of 2 er 30, 2018: Save for the year ended September 30, 2018. The company uses the direct method for operating cash flows. (Use parentheses or a minus sign for Data table Cost of goods sold... Payments to suppliers. Purchase of equipment with cash $ 108,000 111,000 34,000 Payment of dividends........ $ 9,000 Proceeds from issuance of common stock 25,000 Payments to employees 68,000 Sales revenue 245,000 Payment of note payable. 32,000 Collections from customers 192,000 Proceeds from sale of land 50,000 Payment of income tax 15,000 Depreciation expense 6,000 Purchase of treasury stock 5,900 Print Done X