Taser Corporations recent comparative balance sheet and income statement follow.

Balance Sheets, December 31	Prior Year	Current Year
Assets
Cash and cash equivalents	$93,600	$153,120
Accounts receivable (net)	163,200	163,200
Merchandise inventory	374,400	408,000
Investments, long-term		48,000
Plant assets	808,800	866,400
Accumulated depreciation	(211,200)	(163,200)
Total assets	$1,228,800	$1,475,520
Liabilities and Stockholders Equity
Accounts payable	$100,800	$91,200
Salaries payable	7,200	2,400
Income taxes payable	9,600	16,800
Bonds payable	480,000	480,000
Premium on bonds payable	19,200	17,760
Common stock, no-par	576,000	746,400
Retained earnings	36,000	120,960
Total liabilities and stockholders equity	$1,228,800	$1,475,520

Income Statement, For Year Ended December 31	Current Year
Sales revenue	$576,000
Cost of goods sold	(230,400)
Depreciation expense	(28,800)
Salaries expense	(105,600)
Income tax expense	(48,000)
Interest expense	(33,600)
Other expenses	(11,040)
Gain on sale of plant assets	14,400
Net income	$132,960

Additional information

1. Purchased a plant asset, $144,000; issued common stock in full payment.

2. Purchased a long-term investment in equity securities for cash, $48,000.

3. Declared and paid cash dividend, $48,000.

4. Sold a plant asset for $24,000 cash (cost, $86,400; accumulated depreciation, $76,800).

5. Issued common stock, 2,400 shares at $11 per share cash.

Prepare the operating activities section of the statement of cash flows, using the direct method.

Note: Use negative signs with amounts for cash outflows.

Cash Flows from Operating Activities
Collections from customers	Answer
Payments to suppliers	Answer
Payments for salaries	Answer
Payments for income taxes	Answer
Payments for interest	Answer
Other expenses	Answer
Net cash provided (used) by operating activities	Answer