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Saved Help Save & Exit Submit The following information is for Redwood Inc. for the year ended December 31, 2018. Redwood had a balance for cash and cash equivalents of $6,200 on January 1, 2018. Cash Received froms Customers Interest on investments Sale of land Sale of common stock Issuance of debt securities $2,000 250 150 700 2,100 .22 Cash Paid for 350 90 1,600 5,100 1,000 250 550 Interest on debt Income tax Debt prineipal reduction Purchase of equipment Purchase of inventory Dividends on common stock Operating expenses Required Prepare a statement of cash flows for the year using the direct method for operating activities. (Amounts to be deducted should be indicated with a minus sign.) REDWOOD INC. Statement of Cash Flows For the Year Ended December 31, 2018 K Prev 14 of 18Next 25 19