The 2014 accounting records of Rogan Transport reveal these transactions and events.

Payment of interest		$ 30,450		Payment of salaries and wages		$ 161,385
Cash sales		146,160		Depreciation expense		48,720
Receipt of dividend revenue		54,810		Proceeds from sale of vehicles		2,472,540
Payment of income taxes		36,540		Purchase of equipment for cash		66,990
Net income		115,710		Loss on sale of vehicles		9,135
Payment for merchandise		295,365		Payment of dividends		42,630
Payment for land		225,330		Payment of operating expenses		85,260
Collection of accounts receivable		593,775

Prepare the cash flows from operating activities section using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Rogan Transport Statement of Cash Flows-Direct Method For the Year 2014