During the fiscal year ended September 30, 2010, Whitehouse Data, Inc., engaged in the following transactions: a. Collected $75,000 on accounts receivable b. Paid $125,000 on accounts payable related to operating expenses c. Made cash sales of $275,000 d. Declared a 3-for-1 stock split e. Paid salaries of $35,000 f. Recorded depreciation expense of $17,250 g. Issued common stock for $25,000 h. Repaid principal of mortgage for $295,000 i. Sold land for $150,000 j. Paid interest on mortgage in the amount of $17,800 k. Purchased new equipment for cash of $61,500 l. Paid operating expenses of $55,000 Using the relevant transactions, prepare the cash from operating activities section of the statement of cash flows using the direct method.
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