The following information is available for Taliaferro Corp. for 2014.

Cash used to purchase treasury stock		$ 60,077
Cash dividends paid		27,228
Cash paid for interest		27,978
Net income		579,911
Sales revenue		1,001,698
Cash paid for taxes		123,651
Cash received from customers		707,059
Cash received from sale of building (at book value)		246,802
Cash paid for operating expenses		96,173
Beginning cash balance		13,739
Cash paid for goods and services		348,596
Cash received from issuing common stock		443,395
Cash paid to redeem bonds at maturity		249,800
Cash paid to purchase equipment		141,387

Prepare a statement of cash flows 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).)

TALIAFERRO CORP. Statement of Cash Flows