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 31 December 2014.
$\begin{array}{|l|r|}\hline \text { Cash paid to suppliers } & \$ 289,000 \\\hline \text { Ordinary share issued } & \$ 81,000 \\\hline \text { Equipment purchased } & \$ 58,000 \\\hline \text { Interest paid } & \$ 10,500 \\\hline \text { Cash receipts from customers } & \$ 936,000 \\\hline \text { Tax paid } & \$ 28,000 \\\hline \text { Proceeds from long-term bor rowing } & \$ 116,000 \\\hline \text { Collections of loans made } & \$ 17,000 \\\hline \text { Interest received } & \$ 16,000 \\\hline \text { Proceeds from sale of equipment } & \$ 24,000 \\\hline \text { Dividends paid } & \$ 4,600 \\\hline \text { Loans made to borrowers } & \$29,000 \\\hline \text { Cash and cash equivalents, 1 Jan 2014 } & \$ 1,781,000 \\\hline \text { Cash and cash equivalents, 31 December } 2014 & \$ 2,551,900 \\\hline\end{array}$ Using the direct method, prepare a statement of cash flows.