The 2017 accounting records of Megan 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 for merchandise Payment for land Collection of accounts receivable 10,000 Payment of salaries and wages 48,000 Depreciation expense 18,000 Proceeds from sale of vehicles 12,000 Purchase of equipment for cash 38,000 Loss on sale of vehicles 97,000 Payment of dividends 74,000 Payment of operating expenses 195,000 53,000 16,000 812,000 22,000 3,000 4,000 28,000