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The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the current year ended December 31. Cash and cash equivalents, Jan. 1 Cash and cash equivalents, Dec. 31 Cash paid to acquire plant assets Proceeds from short-term borrowing Loans made to borrowers Collections on loans (excluding interest) Interest and dividends received Cash received from customers Proceeds from sales of plant assets Dividends paid Cash paid to suppliers and employees Interest paid Income taxes paid $ 35,800 174,400 23,000 10,000 3,800 4,000 37,400 855,000 9,000 53,000 615,000 19,000 63,000 Using this information, prepare a statement of cash flows under direct method. (List any deduction in cash and cash outflows as negative amounts.) Answer is not complete. WYOMING OUTFITTERS, INC. Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities: Cash received from customers Interest and dividends received 0 0 Cash provided by operating activities Cash paid to suppliers and employees Interest paid Income taxes paid 0 0 0 0 0 Cash disbursed for operating activities Net cash flow from operating activities Cash flows from investing activities: Proceeds from sales of plant assets Collections on loans Cash paid to acquire plant assets Loans made to borrowers 0 0 0 0 Net cash used for investing activities Cash flows from financing activities: 0 0 Proceeds from short-term borrowing Dividends paid Net cash used for financing activities Net increase in cash and cash equivalents Cash and cash equivalents, January 1, current year Cash and cash equivalents, December 31, current year