Exercise 17-13 The 2020 accounting records of Blocker Transport reveal these transactions and events Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net income Payment of accounts payable $10,700 49,600 19,000 16,900 38,900 Collection of accounts receivable Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Purchase of equipment for cash Loss on sale of vehicles Payment of dividends Payment of operating expenses $191,000 58,000 16,600 11,800 21,300 3,600 13,300 27,700 for merchandise 114,300 74,800 Payment for land Prepare the cash flows from operating activities section using the direct method. (Not all of the items will be used.) (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 Flows-Direct Method December 31, 2020 Cash Flows from Operating Activities 7 Cash receipts from cash payments Click if you would like to Show Work for this question: Open Show Work