The income statement and additional data of Starry Night Corporation follow: (Click the icon to view the Income Statement.) (Click the icon to view the additional data.) Prepare Starry Night Corporation's statement of cash flows for the year ended June 30, 2024. Use the direct method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement leave the box empty; do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{l} Starry Night Corporation \\ Income Statement \\ Year Ended June 30, 2024 \end{tabular}} \\ \hline \multicolumn{3}{|l|}{ Net Sales Revenue } & $ & 227,000 \\ \hline \multicolumn{3}{|l|}{ Cost of Goods Sold } & & 102,000 \\ \hline \multicolumn{3}{|l|}{ Gross Profit } & & 125,000 \\ \hline \multicolumn{5}{|l|}{ Operating Expenses: } \\ \hline Salaries Expense & $ & 41,000 & & \\ \hline Depreciation Expense-Plant Assets & & 23,000 & & \\ \hline Advertising Expense & & 12,500 & & \\ \hline Total Operating Expenses & & & & 76,500 \\ \hline \multicolumn{2}{|l|}{ Operating Income } & & & 48,500 \\ \hline \multicolumn{5}{|l|}{ Other Income and (Expenses): } \\ \hline Dividend Revenue & & 8,000 & & \\ \hline Interest Expense & & (5,000) & & \\ \hline \multicolumn{2}{|l|}{ Total Other Income and (Expenses) } & & & 3,000 \\ \hline \multicolumn{3}{|l|}{ Net Income Before Income Taxes } & & 51,500 \\ \hline \multicolumn{2}{|l|}{ Income Tax Expense } & & & 8,500 \\ \hline \multicolumn{2}{|l|}{ Net Income } & & $ & 43,000 \\ \hline \end{tabular} More info a. Collections from customers are $16,500 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 $1,000 more than salaries expense. e. Cash payment for the acquisition of plant assets is $101,000. f. Cash receipts from sale of land total $28,000. g. Cash receipts from issuance of common stock total $35,000. h. Payment of long-term notes payable is $20,000. i. Payment of dividends is $12,000. j. Cash balance at June 30,2023 , was $27,000; at June 30,2024 , it was $38,500