Octel Corporation has the following financial statements:
![593_259-B-M-A-S-C-F (1989)-1.png](https://secure.tutorsglobe.com/CMSImages/593_259-B-M-A-S-C-F (1989)-1.png)
Dividends of $28,200 were paid during the year. No equipment was purchased or retired during the year.
![2270_259-B-M-A-S-C-F (1989)-2.png](https://secure.tutorsglobe.com/CMSImages/2270_259-B-M-A-S-C-F (1989)-2.png)
Required:
Using the direct method for the operating section, prepare a statement of cash flows for fiscal 2011.