The income statement and additional data of Amalgamated Services, Inc., follow:

Additional data follow:
a. Collections from customers are $9,000 more than sales.
b. Payments to suppliers are $3,000 more than the sum of cost of goods sold plus advertising expense.
c. Payments to employees are $13,000 more than salaries expense.
d. Dividend revenue, interest expense, and income tax expense equal their cash amounts.
e. Acquisition of fixed assets for cash is $85,000.
f. Proceeds from sale of land total $21,000.
g. Proceeds from issuance of common stock for cash total $34,000.
h. Payment of long-term note payable is $17,000.
i. Payment of dividends is $11,000.
j. Cash balance, June 30, 2015, was $28,000.

Requirement
Prepare Amalgamated Services’ statement of cash flows for the year ended June 30, 2016. Use the direct method?

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Amalgamated Services, Inc. Income Statement Year Ended June 30, 2016 Revenues: Sales Revenue $281,000 Dividend Revenue 10,000 Total Revenues $291,000 Expenses: Cost of Goods Sold $101,000 Salaries Expense Depreciation Expense Advertising Expense Interest Expense Income Tax Expense Total Expenses 60,000 17,000 15,000 3,000 14,000 210,000 $ 81,000 Net Income