(Answered) Preparing operating activities using the direct methodhappy

Accounting

Preparing operating activities using the direct method

Happy Tot's Learning Center has assembled the following data for the year ended June 30, 2012:

Payments to suppliers	$ 117,000
Purchase of equipment	42,000
Payments to employees	72,000
Payment of note payable	25,000
Payment of dividends	7,000
Cash receipt from issuance of stock	18,000
Collections from customers	190,000
Cash receipt from sale of land	60,000

Requirement

1. Prepare the operatingactivities section of the business's statement of cash flows for the year ended June 30, 2012, using the direct method.

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