Question Content Area The following cash flows and other information pertain to Elon Company for 2020: Collections from customers $65,000 Cost of goods sold 46,000 Decrease in inventory 8,000 Depreciation expense 1,500 Dividends received 1,000 Interest collected 2,500 Net income 12,000 Payments of interest 3,500 Payments to suppliers 12,000 Proceeds from sale of equipment 15,000 Proceeds from sale of stock 25,000 Required: Prepare the operating activities section of the statement of cash flows for 2020, using the direct method. Enter amounts that represent cash outflows as negative numbers.