Prepare the statement of cash flows-direct and indirect methods) To prepare the statement of cash flows, accountants for Percy Electric Company have summarized 2016 activity in two accounts: Cash 71,500 Payments on accounts payable Beginning bal Sale of long-term investment Collections from customers 446,000 21,300 Payments of dividends 661,500 Payments of salaries and wages 47,600 Payments of interest 16,900 Purchase of equipment Payments of other operating expenses Payment of long-term note payable Purchase of treasury stock 27,900 139,200 25,500 31,700 Issuance of common stock Receipts of dividends 34,100 41,100 25,700 Payment of income tax 19,100 Ending Bal 28,500 Common Stock Beginning bal Issuance for cash 84,100 47,600 Issuance to acquire land Issuance to retire note payable Ending bal 80,300 20,000 232,000