Prepare the operating activities section of the statement of cash ows using the direct method. Do not include a disclosure reconciling net income to cash ows from operating activities. Note: Use negative signs with amounts for cash outflows.

Additional information 1. Wrote off $500 accounts receivable as uncollectible. 2. Sold a fixed asset for $4,000 cash (cost, $15,000; accumulated depreciation, $9,000 ). 3. Issued common stock for $5,000 cash. 4. Declared and paid a cash dividend, $5,000. 5. Purchased land, $20,000 cash. 6. Acquired land for $21,000 and issued common stock as payment in full. 7. Acquired fixed assets, cost $16,000; issued a $16,000, three-year, interest-bearing note payable. 8. Paid a $10,000 long-term note installment by issuing common stock to the creditor. 9. Borrowed cash on long-term note, $20,000. Additional information 1. Wrote off $500 accounts receivable as uncollectible. 2. Sold a fixed asset for $4,000 cash (cost, $15,000; accumulated depreciation, $9,000 ). 3. Issued common stock for $5,000 cash. 4. Declared and paid a cash dividend, $5,000. 5. Purchased land, $20,000 cash. 6. Acquired land for $21,000 and issued common stock as payment in full. 7. Acquired fixed assets, cost $16,000; issued a $16,000, three-year, interest-bearing note payable. 8. Paid a $10,000 long-term note installment by issuing common stock to the creditor. 9. Borrowed cash on long-term note, $20,000