Ums expenses 17.12 (LO 4) The 2020 accounting records of Liz Ten Transport Ltd. reveal these transactions and events 10,000 190,000 55,000 16,000 18.000 16,000 12,000 Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net income Payment of accounts payable for merchandise Payment for land Collection of accounts receivable Payment of salaries and wages Depreciation expense Proceeds from disposal of plant assets Purchase of equipment for cash Loss on disposal of plant assets Payment of dividends Payment of operating expenses 22,000 3,000 14,000 28,000 115,000 74,000 Instructions Prepare the cash flows from operating activities section using the direct method. (Not all of the items will be used.)