The 2019 accounting records of Pape Transport reveal these transactions and events.

Payment of interest

$70,466

Payment of salaries and wages

$373,470

Cash sales

338,237

Depreciation expense - vehicles

112,746

Receipt of dividend revenue

126,839

Proceeds from sale of vehicles

5,721,849

Payment of income tax

84,559

Purchase of vehicles for cash

155,025

Profit

267,771

Loss on sale of vehicles

21,140

Payments for inventory

683,521

Payment of operating expenses

197,305

Payment for land

521,449

Retained earnings at the start of the year

507,500

Collection of accounts receivable

1,374,089

Retained earnings at the end of the year

531,100

Required

a) Prepare the cash flows from operating activities section for the year ended 31 December 2019 using the direct method.

b) How much was the payment of dividends?

The 2019 accounting records of Pape Transport reveal these transactions and events. Payment of interest $70,466 Payment of salaries and wages $373,470 Cash sales 338.237 Depreciation expense - vehicles 112.746 Receipt of dividend revenue 126,839 Proceeds from sale of vehicles 5,721,849 Payment of income tax 84.559 Purchase of vehicles for cash 155,025 Profit 267,771 Loss on sale of vehicles 21,140 Payments for inventory 683,521 Payment of operating expenses 197,305 Payment for land 521,449 Retained earnings at the start of the year 507,500 Collection of accounts receivable 1,374,089 Retained earnings at the end of the year 531,100 Required a) Prepare the cash flows from operating activities section for the year ended 31 December 2019 using the direct method. b) How much was the payment of dividends? c) During the year equipment was sold, and the company recorded a profit on sale of equipment in the income statement of $5,200. This equipment cost $50,500 originally and had a carrying amount of $6,500 at the time of sale. What were the proceeds from the sale of the equipment