As the Accountant at O'Donnell Industries,you Are Responsible for Preparing $\quad$

As the accountant at O'Donnell Industries,you are responsible for preparing the cash flow statement.You have decided to prepare the statement using the direct method and have gathered the following data from the accounting records:
payment of long-term debt $\quad$$\quad$$\quad$$\quad$ $200,000
Collections on accounts receivable $\quad$$\quad$ 210,600 Acquisition of equipment by issuing
Cash received from sale of property,plant,and equipment,
Prepare the cash flow statement for the year ended December 31,2017,using the direct method,and include a schedule of noncash investing and financing activities if necessary.