The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash received from: Customers Interest on notes receivable Collection of notes receivable Sale of land Issuance of common stock Cash paid for: Interest on notes payable Purchase of equipment Operating expenses Dividends to shareholders $800,000 26,000 240,000 54,000 340,000 32,000 190,000 510,000 44,000 Prepare a statement of cash flows according to International Financial Reporting Standards. (Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. Cash flows from operating activities: Cash received from customers $ 800,000 Cash paid for operating expenses $ (510,000) $ 290,000 Net cash flows from operating activities Cash flows from investing activities: Sale of land Collection of notes receivable Purchase of equipment $ 54,000 240,000 (190,000) 104,000 Net cash flows from investing activities Cash flows from financing activities: Issuance of common stock Dividends paid to shareholders $ 340,000 (44,000) Net cash flows from financing activities $ 296,000