Titles:

Cash Payments, Cash Reciepts, For Income Taxes, For interest, For operating expenses, For salary and wages, From customers, From dividend revenue, To suppliers for merchandise

The 2017 accounting records of Sandhill Co. reveal these transactions and events Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net income Payment for merchandise Payment for land Collection of accounts receivable $31,900 Payment of salaries and wages $169,070 51,040 2,590,280 Purchase of equipment for cash70,180 9,570 44,660 Payment of operating expenses 89,320 153,120 Depreciation expense 57,420 38,280 121,220 309,430 236,060 622,050 Proceeds from sale of vehicles Loss on sale of vehicles Payment of dividends Prepare the cash flows from operating activities section using the direct method Sandhill Co. Statement of Cash Flows-Direct Method December 31, 2017 Cash Flows from Operating Activities