Tomtric company income statement for year ended December 31 2019

sales 70000 COGS 40000 Gross Margin 30000

Depreciation exp 5000 other operating exp 15000 operating income 10000

loss on sale of equipment 4000 income before taxes 6900 income tax expense 24000

net income 3600

additional data on activities during 2019 are as follows:

-during 2019 tomtric company sold used equipment for 3000 that had cost 15000 with accumulated depreciation of 8000 -new equipment was purchased for 12000 cash -cash dividends totaling 8000 were paid -long term investments that had costs 18000 when purchased were sold for 18000 -common stock was was issued for 10000

required: prepare the operating activities section of the statement of cash flows using the direct method.