Use the following information from Artizan, Inc.s computerized accounting information system to prepare the operating activities section of the statement of cash flows for May using the DIRECT method.

Beginning cash balance $15,375

Ending cash balance 39,669

Cash payments for supplies 10,400

Cash paid for rent 1,200

Cash paid for salaries 3,750

Cash received from customers 17,868

Cash paid for interest 150

Cash paid for dividends 200

Cash received from a loan 10,000

Issuance of stock 25,000

Cash paid for studio equipment 12,874