Cowhand Horse Farms, Inc., began 2021 with cash of $102,000. During the year, Cowhand earned service revenue of $597,000 and collected $480,000 from customers. Expenses for the year totaled $325,000, with $310,000 paid in cash to suppliers and employees. Cowhand also paid $138,000 to purchase equipment and paid a cash dividend of $52,000 to stockholders. During 2021, Cowhand borrowed $28,000 by issuing a note payable. Prepare the company's statement of cash flows for the year ending December 31, 2021. Format operating activities using the direct method. Start by completing the cash flows from operating activities. Then complete the rest of the statement of cash flows. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Cowhand Horse Farms, Inc. Statement of Cash Flows (Direct Method) Year Ended December 31, 2021 Cash flows from operating activities: Net cash provided by (used for) operating activities