Additional information: 1. Dividends on common shares in the amount of $11,500 were declared and paid during 2023. 2. Depreciation expense of $19,700 is included in operating expenses. 3. Equipment with a cost of $22,000 that was 70% depreciated was sold during 2023 . Prepare a statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or Blue Spruce Inc., a retailer of garden tools that follows ASPE, had the following statements prepared as of December 31,2023 : Cash Flows from Financing Activities Principal Payments on Long-Term Loan Dividend Paid Net Cash Used by Financing Activities Net Increase in Cash and Cash Equivalents Cash, January 1, 2023 Cash, December 31, 2023