Use the following information to prepare a complete statement of cash flows (under the direct method) for the current year ended December 31.

Cash, December 31 prior year-end	$ 16,000
Cash, December 31 current year-end	78,500
Cash paid to acquire machinery	134,500
Cash paid for inventory	230,000
Cash paid for salaries	290,000
Cash paid for interest	4,500
Cash received as interest	10,500
Cash received from sale of land	110,000
Cash paid for dividends	24,500
Cash received from issuing stock	83,000
Cash received from customers	542,500

Jse the following information to prepare a complete statement of cash flows (under the direct method) for the current year ended December 31