The income statement of Booker T Industries Inc. for the current year ended June 30 is as follows:

1	Sales		$511,000.00
2	Cost of merchandise sold		290,500.00
3	Gross profit		$220,500.00
4	Operating expenses:
5	Depreciation expense	$39,200.00
6	Other operating expenses	105,000.00
7	Total operating expenses		144,200.00
8	Income before income tax		$76,300.00
9	Income tax expense		21,700.00
10	Net income		$54,600.00

Changes in the balances of selected accounts from the beginning to the end of the current year are as follows:

	Increase (Decrease)
Accounts receivable (net)	($11,760)
Inventories	3,920
Prepaid expenses	(3,780)
Accounts payable (merchandise creditors)	(7,980)
Accrued expenses payable (operating expenses)	1,260
Income tax payable	(2,660)

Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the direct method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Deduct, Add or colons (:) will automatically appear if required.

Amount Descriptions
Cash paid for dividends
Cash paid for purchase of land
Cash payments for income taxes
Cash payments for merchandise
Cash payments for operating expenses
Cash received from customers
Cash received from sale of common stock
Cash received from sale of land
Net cash flow from operating activities
Net cash flow used for operating activities Thanks in advance.