Exercise 17-12 The 2017 accounting records of Blocker Transport reveal these transactions and events. Payment of interest $10,500 Collection of accounts receivable $190,100 Cash sales 49,000 Payment of salaries and wages 56,900 Receipt of dividend revenue 18,800 Depreciation expense 16,200 Payment of income taxes 15,500 Proceeds from sale of vehicles 12,900 Net income 38,900 Purchase of equipment for cash 22,900 Payment of accounts payable Loss on disposal of vehicles 2,400 for merchandise 114,100 Payment of dividends 14,100 Payment for land 74,500 Payment of operating expenses 27,600 Prepare the cash flows from operating activities section using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Blocker Transport Statement of Cash FlowsDirect Method For the Year Ended 2017For the Month Ended 20172017 Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash Cash receipts from For Operating Expenses To Suppliers for Merchandise For Income Taxes Loss on Disposal of Vehicles Purchase of Equipment for Cash Customers For Interest Net Income For Salaries and Wages Dividend Revenue For Land Depreciation Expense Proceeds from Disposal of Plant Assets $ For Interest Net Income To Suppliers for Merchandise For Land Loss on Disposal of Vehicles Purchase of Equipment for Cash For Salaries and Wages For Operating Expenses For Income Taxes Depreciation Expense Customers Dividend Revenue Proceeds from Disposal of Plant Assets $ AddLess cash payments: Net Income Purchase of Equipment for Cash For Salaries and Wages Loss on Disposal of Vehicles Customers Dividend Revenue For Interest For Operating Expenses For Land To Suppliers for Merchandise For Income Taxes Depreciation Expense Proceeds from Disposal of Plant Assets For Salaries and Wages For Income Taxes For Interest Dividend Revenue To Suppliers for Merchandise Net Income Proceeds from Disposal of Plant Assets For Land For Operating Expenses Customers Depreciation Expense Loss on Disposal of Vehicles Purchase of Equipment for Cash Dividend Revenue Net Income For Income Taxes Proceeds from Disposal of Plant Assets Purchase of Equipment for Cash Loss on Disposal of Vehicles For Land Depreciation Expense Customers To Suppliers for Merchandise For Salaries and Wages For Operating Expenses For Interest Purchase of Equipment for Cash Customers Proceeds from Disposal of Plant Assets Loss on Disposal of Vehicles For Operating Expenses Dividend Revenue For Salaries and Wages Depreciation Expense For Income Taxes For Interest To Suppliers for Merchandise Net Income For Land Loss on Disposal of Vehicles Customers For Income Taxes For Land Proceeds from Disposal of Plant Assets Depreciation Expense Purchase of Equipment for Cash For Interest To Suppliers for Merchandise Net Income Dividend Revenue For Salaries and Wages For Operating Expenses Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash $