Middleton Golf Club, Inc., has assembled the following data for the year ended September 30, 2018: (Click the icon to view the data.) Prepare the operating activities section of Middleton Golf Club's statement of cash flows for the year ended September 30, 2018. The company uses the direct method for operating cash flows. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Middleton Golf Club, Inc. Statement of Cash Flows (Direct Method) Year Ended September 30, 2018 Cash flows from operating activities: Cash payments: Total cash payments Net cash provided by (used for) operating activities 1 LT Data Table - X 5,000 15,000 Cost of goods sold Payments to suppliers Purchase of equipment with cash Payments to employees Payment of note payable Proceeds from sale of land Depreciation expense $ 108,000 Payment of dividends 108,000 Proceeds from issuance 26,000 of common stock 68,000 Sales revenue 19,000 Collections from customers 63,000 Payment of income tax 5,000 Purchase of treasury stock 225,000 204,000 15,000 ck Answer 5,200