The following schedule of cash receipts and payments relates to Zuercher Elements for the year 2019: Cash receipts: From customers From issuance of notes payable From sale of truck $ 636,000 165,000 18,000 Cash payments: For income taxes $ 48,000 For purchase of equipment 132,000 To employees and suppliers 375,000 For interest 12,000 To stockholders as dividends 96.000 For purchase of treasury stock 18.000 Zuercher had $108,000 cash to start 2019 and ended the year with $246,000 cash. Required: In good form, prepare a 2019 statement of cash flows for Zuercher Elements using the direct method