Question 4 Not complete Marked out of 17.00 Flag question Statement of Cash Flows (Direct Method) Use the following information regarding the cash flows of Mason Corporation to prepare a statement of cash flows using the direct method: Cash balance, December 31 $12,000 Cash paid to employees and suppliers 148,000 Cash received from sale of land 40,000 Cash paid to acquire treasury stock 10,000 Cash balance, January 1 16,000 Cash received as interest 6,000 Cash paid as income taxes 11,000 Cash paid to purchase equipment 89,000 Cash received from customers 194,000 Cash received from issuing bonds payable 30,000 Cash paid as dividends 16,000 Hint: Enter cash outflows as negative numbers