Response to the following problem:
Statement of Cash Flows:
Direct Method The following are various cash flows and other information of the Trainer Company for 2010:
a. Payments of interest, $5,000 h. Payments of dividends, $5,200
b. Depreciation expense, $22,700 i. Decrease in accounts payable, $8,600
c. Receipt from sale of land, $3,100 j. Payments to suppliers and employees, $50,300
d. Payments of income taxes, $6,200 k. Receipt from issuance of common stock, $11,000
e. Beginning cash balance, $16,500 l. Collections from customers, $61,700
f. Decrease in receivables, $7,400 m. Payment for purchase of investments, $17,800
g. Interest and dividends collected, $6,300 n. Net income, $73,400
Required :
Using the direct method for operating cash flows, prepare the Trainer Company's 2010 statement of cash flows.