The Following Information Was Obtained from the Champion Company for the Year

The following information was obtained from the Champion Company for the year ending December 31, 20__.
Using the direct method, prepare a statement of cash flows.
$\begin{array}{|l|c|}\hline \text { Cash paid to suppliers } & \$ 289,000 \\\hline \text { Capital stock issued } & \$ 81,000 \\\hline \text { Equipment purchased } & \$ 58,000 \\\hline \text { Interest paid } & \$ 10,500 \\\hline \text { Cash received from customers } & \$ 936,000 \\\hline \text { Taxes paid } & \$ 28,000 \\\hline \text { Proceeds from long-term } & \\\hline \text { Borrowing } & \$ 116,000 \\\hline \text { Collections of loans made } & \$ 17,000 \\\hline \text { Interest received } & \$ 16,000 \\\hline \text { Proceeds from sale of equipment } & \$ 24,000 \\\hline \text { Dividends paid } & \$ 4,600 \\\hline \text { Loans made to borrowers } & \$ 29,000 \\\hline \text { Cash on hand } 1 / 01 / 20 & \$ 1,781,000 \\\hline \text { Cash on hand } 12 / 31 / 20 & \$ 2,551,900 \\\hline\end{array}$