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	$20,400
Cash paid to employees and suppliers	251,600
Cash received from sale of land	68,000
Cash paid to acquire treasury stock	17,000
Cash balance, January 1	27,200
Cash received as interest	10,200
Cash paid as income taxes	18,700
Cash paid to purchase equipment	151,300
Cash received from customers	329,800
Cash received from issuing bonds payable	51,000
Cash paid as dividends	27,200

Hint: Enter cash outflows as negative numbers

MASON CORPORATION Statement of Cash Flows For Year Ended December 31
Cash Flow from Operating Activities
Cash Received from Customers
Cash Received as Interest
Cash Paid to Employees and Suppliers
Cash Paid as Income Taxes
Cash Provided by Operating Activities
Cash Flow from Investing Activities
Sale of land
Purchase of Equipment
Cash Used by Investing Activities
Cash Flow from Financing Activities
Issuance of Bonds Payable
Acquisition of Treasury Stock
Payment of Dividends
Cash Provided by Financing Activities
Net Decrease in Cash
Cash at Beginning of Year
Cash at End of Year