Exercise 17-13

The 2020 accounting records of Blocker Transport reveal these transactions and events.

Payment of interest		$10,100		Collection of accounts receivable		$190,800
Cash sales		49,100		Payment of salaries and wages		57,800
Receipt of dividend revenue		17,700		Depreciation expense		16,600
Payment of income taxes		15,300		Proceeds from sale of vehicles		12,700
Net income		38,800		Purchase of equipment for cash		21,200
Payment of accounts payable				Loss on sale of vehicles		3,800
for merchandise		114,800		Payment of dividends		13,800
Payment for land		73,400		Payment of operating expenses		28,500

Prepare the cash flows from operating activities section using the direct method. (Not all of the items will be used.)