Preparing a Statement of Cash Flows (Direct Method) Use the following information about the 2016 cash flows of Mason Corporation to prepare a statement of cash flows under the direct method. Refer to Exhibit 4.3 for the appropriate format Cash balance, end of 2016 Cash paid to employees and suppliers 148,000 Cash received from sale of land Cash paid to acquire treasury stock Cash balance, beginning of 2016 Cash received as interest Cash paid as income taxes Cash paid to purchase equipment Cash received from customers Cash recelved from issuing bonds payable 30,000 Cash paid as dividends $12000 40,000 10,000 16,000 6,000 11,000 89,000 194,000 16,000 MASON CORPORATION STATEMENT OF CASH FLOWS FOR YEAR ENDED DECEMBER 31, 2016 Cash flows from operating activities Cash received from customers Cash received as interest Cash paid as income taxes Net cash provided by operating activities Cash flows from investing activities 0 Purchase of equipment Net cash used by investing actvitles Cash flows from finanding activities Issuance of bonds payable Acquisition of treasury stock Net cash provided by financing activities 0 Net decrease in cash Cash at end of year 5 0