Use the data in Short Exercise to prepare Middleton Golf Club, Inc. s statement of cash flows for the year ended September 30, 2010. Middleton uses the direct method for operatingactivities.

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Cost of goods sold $104,000 Payment of dividendsS 8,000 Proceeds from issuance of common stock Purchase of equipment.. Payments to employee Payment of note payable 42,000 75,000 15,000 16,000 211,000 Sales revenue Collections from customers … Depreciation expense 6,000 Purchase of treasury stock 5,700