The 2014 accounting records of Blocker Transport reveal these transactions and events.
Payment of interest $10,830 Collection of accounts receivable $182,640
Cash sales 47,180 Payment of salaries and wages 52,080
Receipt of dividend revenue 18,760 Depreciation expense 16,300
Payment of income taxes 11,270 Proceeds from sale of vehicles 11,780
Net income 38,990 Purchase of equipment for cash 22,360
Payment of accounts payable Loss on disposal of vehicles 3,420
for merchandise 114,880 Payment of dividends 14,210
Payment for land 74,360 Payment of operating expenses 28,930
Prepare the cash flows from operating activities section using the direct method.