Floyd & Sons Inc Prepare the Operating Activities Section of the Cash Flow Statement

Floyd & Sons Inc.gathered the following data from its accounting records for the year ended December 31,2017:
$\begin{array}{ll}\text { Amortization expense } & \$ 20,900 \\\text { Payment of income taxes } & 19,500 \\\text { Collections of accounts receivable } & 367,200 \\\text { Declaration of stock dividend } & 65,000 \\\text { Cash Received on sale of land } & 105,400 \\\text { Collection of dividend revenue } & 14,000 \\\text { Payments of salaries and wages } & 183,600 \\\text { Cash sales } & 23,700 \\\text { Payment of interest } & 19,400 \\\text { Interest received on investments } & 3,100 \\\text { Payments to suppliers } & 73,600\end{array}$ Prepare the operating activities section of the cash flow statement using the direct method.