Middleton Spas provides the following data for the year just ended on December 31. View the December 31 data. Requirement Prepare the operating activities section of Middleton 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.) Middleton Spas December 31 Data Statement of Cash Flows-Operating Activities Section (Direct Method) Payment of long-term note payable $ 5,000 Payments to employees $ 65,500 For the Year Ended December 31 Depreciation expense. $ 4,500 Proceeds from sale of land $ 41,000 Operating Activities: Purchase of equipment with cash S 6,500 Payment of dividends $ 11,500- Purchase of treasury stock. S 12,500 Payments to suppliers. $ 69,000 Gain on sale of land $ 1,000 Increase in salaries payable $ 12,000 Cost of goods sold $ 109,000 Payment of income tax $ 10,000 Proceeds from issuance of common stock $ 15,000 Collections from customers $ 149,000 Net cash provided by (used for) operating activities Beginning balance, cash. S 14,500 Sales revenue $ 171,000 Print Done Activate Windows