The income statement and additional data of Floral World, Inc., follow:

Additional data:
a. Collections from customers are $30,000 more than sales.
b. Payments to suppliers are $1,000 more than the sum of cost of goods sold plus advertising expense.
c. Payments to employees are $1,000 more than salary expense.
d. Dividend revenue, interest expense, and income tax expense equal their cash amounts.
e. Acquisition of plant assets is $150,000. Of this amount, $101,000 is paid in cash and $49,000 by signing a note payable.
f. Proceeds from sale of land total $24,000.
g. Proceeds from issuance of common stock total $30,000.
h. Payment of long-term note payable is $15,000.
i. Payment of dividends is $11,000.
j. Cash balance, June 30, 20X5, was $20,000.
Required
Prepare Floral World, Inc.'s, statement of cash flows and accompanying schedule of noncash investing and financing activities. Report operating activities by the direct method.

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Floral World, Inc. Income Statement Year Ended June 30, 20x6 Revenues: Sales revenue.... Dividend revenue . $229,000 Expenses: $103,000 ..45,000 ...29,000 11,000 2,000 9,000 Cost of goods sold Salary expense Depreciation expense... Advertising expense.... Interest expense... Income tax expense 199,000 $ 45,000 Net income....