Prepare the cash flows from operating activities section using the direct method. *E12.17 (LO 4), AP The following information is available for Balboa Corp. for 2022. Prepare statement of cash flows-direct method. Instructions Prepare a statement of cash flows using the direct method. Cash used to purchase treasury stock $ 48,100 Cash dividends paid 21,800 Cash paid for interest Net income 22,400 464,300 Sales revenue 802,000 Cash paid for taxes 99,000 Cash received from customers 566,100 Cash received from sale of building (at book value) 197,600 Cash paid for operating expenses 77,000 Beginning cash balance 11,000 Cash paid for goods and services 279,100 Cash received from issuing common stock 355,000 Cash paid to redeem bonds at maturity 200,000 Cash paid to purchase equipment 113,200