Use the Following Calendar-Year Information to Prepare David Company's Statement

Use the following calendar-year information to prepare David Company's statement of cash flows using the direct method. You may omit the schedule reconciling net income and net cash provided or used by operating activities.
$$\begin{array} { | l | r | } \hline \text { Cash paid to purchase machinery } & \$ 124 , 000 \\\hline \text { Cash paid for merchardise inventory } & 220,000 \\\hline \text { Cash paid for operatirre expenses } & 280,000 \\\hline \text { Cash paid for interest } & 4,000 \\\hline \text { Cash received for interest } & 10,000 \\\hline \text { Cash proceeds from sale of land } & 100,000 \\\hline \text { Cash balance at beginning of year } & 15,000 \\\hline \text { Cash balance at end of year } & 77,000 \\\hline \text { Cash borrowed on a short-term note } & 25,000 \\\hline \text { Cash dividends paid } & 24,000 \\\hline \text { Cash received from stock issuance } & 57,000 \\\hline \text { Cash collections from customers } & 522,000 \\\hline\end{array}$$