ICE Drilling inc's balance sheet information and income statement are as follows Additional information regarding ICE Drilling's activities during 2023: 1. Loss on sale of equipment is $9,480. 2. Paid $68,280 to reduce a long-term note payable. 3. Equipment costing $95,000, with accumulated depreciation of $53,000, is sold for cash. 4. Equipment costing $213,880 is purchased by paying cash of $54,000 and signing a long-term note payable for the balance. 5. Borrowed $8,400 by signing a short-term note payable. 6. Issued 10,080 common shares for cash at $10 per share. 7. Declared and paid cash dividends of $137,160 Other information: a. All sales are credit sales. b. All credits to accounts receivable in the period are receipts from customers. c. Purchases of merchandise are on credit d. All debits to occounts payable in the period result from payments for merchandise e. The only decrease in income taxes payable is for payment of taxes. 1. The other expenses are paid in advance and are initially debited to Prepaid Expenses. Required: Prepare a statement of cash flows for 2023 using the direct method to report cash inflows and outfiows from operating activities: (List any deduction in cash and cash outflows as negative amounts.)