K Maryland Spas provides the following data for the year just ended on December 31. (Click the icon to view the data.) Requirement Prepare the operating activities section of Maryland Spas' statement of cash flows for the year just ended, using the direct method for operating cash flows. (Use parentheses or a minus sign for numbers to be subtracted.) Maryland Spas Statement of Cash Flows-Operating Activities Section (Direct Method) For the Year Ended December 31 Operating Activities: Net cash provided by (used for) operating activities Question 1 Data table Requirement Prepare the operating activities section of Maryland Spas' statement Payment of long-term note payable.. $ 5,000 Payments to employees $ 63,000 Depreciation expense $ 4,700 Proceeds from sale of land $ 41,500 Purchase of equipment with cash $ 7,500 Payment of dividends $ 12,500 Purchase of treasury stock $ 11,000 Payments to suppliers $ 68,000 Gain on sale of land $ 900 Increase in salaries payable $ 12,000 Cost of goods sold $ 112,000 Payment of income tax ..... $ 10,000 Proceeds from issuance of common stock $ 13,500 Collections from customers . $ 150,000 Beginning balance, cash $ 11,000 Sales revenue $ 172,000