During 2021, McBride Distributors Inc. had the following transactions and events:

Accounts payable paid $199,300

Accounts receivables collected 479,700

Depreciation expense 13,500

Cash, January 1, 2021 82,000

Cash, December 31, 2021 23,500

Cash sales 90,000

Interest paid on mortgage payable 16,000

Income taxes paid 4,800

Inventory purchased on credit 207,400

Issued a long-term note payable 240,000

Profit for the year 82,200

Operating expenses paid 72,000

Principal payments made on mortgage payable 8,500

Proceeds on sale of used equipment 2,500

Purchased a new building 384,000

Salaries and wages paid 186,100

Signed operating lease, annual payments will be 45,000

Stock dividend declared 46,000

Instructions

Prepare McBride's cash flow statement for the year ended December 31, 2021, using the direct method.