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The following transactions were under review to determine their effect on the company's statement of cash flows. [tex]$450,000 loss on the sale of fixed assets
$[/tex]300,000 received on the sale of long-term securities [tex]$25,000 increase in unearned revenue
⚫ $[/tex]24,000,000 revenue received from customers . [tex]$900,000 cash dividends paid to common stockholders
.
$[/tex]60,000 insurance proceeds received from storm damage to warehouse . [tex][tex]$15,000,000 cash paid to vendors for raw materials
$[/tex][/tex]4,000,0000 paid to acquire a local business . $1,600,000 wages paid to employees The total amount from the above items used to determine the company's operating cash flow under the direct method is:
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