The income statement and additional data of Starry Night Corporation follow: Starry Night Corporation Income Statement Year Ended June 30, 2024 Net Sales Revenue $225,000 Cost of Goods Sold 102,000 Gross Profit 123,000 Operating Expenses: Salaries Expense $45,000 Depreciation ExpensePlant Assets 29,000 Advertising Expense 11,500 Total Operating Expenses 85,500 Operating Income 37,500 Other Income and (Expenses): Dividend Revenue 8,000 Interest Expense (1,500) Total Other Income and (Expenses) 6,500 Net Income Before Income Taxes 44,000 Income Tax Expense 6,500 Net Income $37,500. a. Collections from customers are $17,000 more than sales. b. Dividend revenue, interest expense, and income tax expense equal their cash amounts. c. Payments to suppliers are the sum of cost of goods sold plus advertising expense. d. Payments to employees are $2,500 more than salaries expense. e. Cash payment for the acquisition of plant assets is 101,000. f. Cash receipts from sale of land total $24,000. g. Cash receipts from issuance of common stock total $32,000. h. Payment of long-term notes payable is $15,000. i. Payment of dividends is $12,000. j. Cash balance at June 30, 2023, was $24,000; at June 30, 2024, it was $33,000. Prepare Starry Night Corporation's statement of cash flows for the year ended June 30, 2024. Use the direct method.