Martin Interiors began the year with cash of $57.000. During the year, Martin Interiors med service revenue of $406,000. Cash collections for the year were $370,000. Expenses for the year were $380,000, with $366,000 of the total paid in cash The company also used cash to purchase equipment for $65,000 and to pay a cash dividend to stockholders of $28.000. During the year, the company also borrowed $52,000 cash by issuing a long-term not payable Requirement Prepare the company's statement of cash flows using the direct method Prepare the statement one section at a time. (Use parentheses or a minun sign for numbers to be subtracted, net cash outfows, and decreases in canh.) Martin Interiors Statement of Cash Flows (Direct Method) For the Year Ended December 31 Operating Activities: Net cash provided by used for operating activities Choose from any list or enter any number in the input fields and then click Check Answer 3 parts Clear All Check Answer remaining