The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the year ended December 31, 2015:
| Cash and cash equivalents, Jan. 1 |
$ |
35,800 |
| Cash and cash equivalents, Dec. 31 |
|
162,000 |
| Cash paid to acquire plant assets |
|
24,000 |
| Proceeds from short-term borrowing |
|
10,000 |
| Loans made to borrowers |
|
5,300 |
| Collections on loans (excluding interest) |
|
4,000 |
| Interest and dividends received |
|
31,500 |
| Cash received from customers |
|
845,000 |
| Proceeds from sales of plant assets |
|
9,000 |
| Dividends paid |
|
49,000 |
| Cash paid to suppliers and employees |
|
608,000 |
| Interest paid |
|
19,000 |
| Income taxes paid |
|
68,000 |
|
Using this information, prepare a statement of cash flows under direct method. (List any deduction in cash and cash outflows as negative amounts.)