Exercise 12-17 The following information is available for Ivanhoe Company for 2022. Cash used to purchase treasury stock Cash dividends paid Cash paid for interest Net income Sales revenue Cash paid for taxes Cash received from customers Cash received from sale of building (at book value) Cash paid for operating expenses Beginning cash balance Cash paid for goods and services Cash received from issuing common stock Cash paid to redeem bonds at maturity Cash paid to purchase equipment $ 167,388 75,864 77,952 1,615,764 2,790,960 344,520 1,970,028 687,648 267,960 38,280 971,268 1,235,400 696,000 393,936 Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Ivanhoe Company Statement of Cash Flows Direct Method