The following are various cash flows and other information for Smyczek Company for 2013:
1. Payments of interest, $8,200
2. Receipt from sale of land, $7,900
3. Interest collected, $10,000
4. Payment of dividends, $12,100
5. Depreciation expense, $24,700
6. Collections from customers, $101,600
7. Payments of income taxes, $15,400
8. Receipt from issuance of stock, $18,900
9. Payments to suppliers and employees, $67,500
10. Increase in inventories, $4,600
Required:
Using the direct method, prepare the cash flows from operating activities section of Smyczek's 2013 statement of cash flows.