Following is information of cash transactions of Power Inc. for the year of 2020. Prepare a statement of cash flow using direct method. (Numbers are in thousands) Cash at beginning of period $50,000.00 Cash payment for income taxes $0.00 Cash payment for interest expense $30,000.00 Cash payment for operating expenses $75,000.00 Cash payment for purchase of building $300,000.00 Cash payment for purchase of equipment $15,000.00 Cash payment to suppliers $200,000.00 Cash receipts from customers $500,000.00 Cash received from issuance of common stock $150,000.00 Cash received from sale of equipment $45,000.00 Payment of cash dividends $0.00 Using direct method, prepare a statement of cash flow for the year of 2020 below - Cash flows from operating activities Cash receipts from customers Less: Cash payments To suppliers For operating expenses For interest expense For income taxes Net cash provided by operating activities Cash flows from investing activities Sale of equipment Purchase of building Purchase of equipment Net cash used by investing activities Cash flows from financing activities Issuance of common stock Payment of cash dividends Net cash used by financing activities Net increase in cash Cash at beginning of period Cash at end of period