The income statement and additional data of Best Corporation follow:

Additional data follow:
a. Collections from customers are $ 15,500 more than sales.
b. Dividend revenue, interest expense, and income tax expense equal their cash amounts.
c. Payments to suppliers are the sum of cost of goods sold plus advertising expense.
d. Payments to employees are $ 1,000 more than salaries expense.
e. Cash payment for the acquisition of plant assets is $ 102,000.
f. Cash receipts from sale of land total $ 24,000.
g. Cash receipts from issuance of common stock total $ 32,000.
h. Payment of long-term notes payable is $ 17,000.
i. Payment of dividends is $ 10,500.
j. Cash balance at June 30, 2014, was $ 25,000; at June 30, 2015, it was $ 28,000.
Prepare Best Corporation’s statement of cash flows for the year ended June 30, 2015. Use the directmethod.

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BEST CORPORATION Income Statement Year Ended June 30, 2015 5 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: 231,000 102,000 129,000 Salaries Expense Depreciation Expense-Plant Assets Advertising Expense Total Operating Expenses $48,000 28,000 13,000 89,000 40,000 Operating Income Other Revenues and (Expenses): Dividend Revenue Interest Expense Total Other Revenues and (Expenses) 8,000 (3,000) Net Income Before Income Taxes Income Tax Expense Net Income 5,000 45,000 11,000 S 34,000