The accounting staff of Wyoming Outfitters Inc. has assembled the following information for the current year (2021) ended Dec 31.

Cash and equivalents, Jan 1 $35,800

Cash and cash equivalents, Dec 31 .. 74,800

Cash paid to acquire plant assets.. 21,000

Proceeds from short-term borrowing. 10,000

Loans made to borrowers.. 5,000

Collections on loans (excluding interest). 4,000

Interest and dividends received 27,000

Cash received from customers. 795,000

Proceeds from sales of plant assets. 9,000

Dividends paid 55,000

Cash paid to suppliers and employees.. 635,000

Interest paid 19,000 Income taxes paid.. 71,000

Using this information, prepare a statement of cash flows. Include a proper heading for the financial statement, and classify the given information into the categories of operating activities, investing activities, and financing activities. Determine net cash flows from operating activities by the direct method. Place brackets around the dollar amounts of all cash disbursements.