Exercise 12-13 The 2017 accounting records of Sweet Acacia Industries reveal these transactions and events Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net income Payment for merchandise Payment for land Collection of accounts receivable 489,450 $25,100 Payment of salaries and wages $ 133,030 40,160 45,180 Proceeds from sale of vehicles 2,038,120 30,120 Purchase of equipment for cash 55,220 7,530 35,140 185,740 Payment of operating expenses 70,280 120,480 Depreciation expense 95,380 Loss on sale of vehicles 243,470 Payment of dividends Prepare the cash flows from operating activities section using the direct method. Sweet Acacia Industries Statement of Cash Flows-Direct Method