During the fiscal year ended September 30, 2010, Whitehouse Data, Inc., engaged in the following…

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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