The 2014 accounting records of Blocker Transport reveal these transactions and events.

Instructions
Prepare the cash flows from operating activities section using the direct method.

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Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net income Payment of accounts payable 10,000 Collection of accounts receivable $182,000 53,000 16,000 12,000 38,000 Purchase of equipment for cash 22,000 3,000 14,000 74,000 Payment of operating expenses 28,000 48,000 18,000 12,000 Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Loss on disposal of vehicles Payment of dividends for merchandise Payment for land 115,000