Masca Interiors began the year whi cash of 555,000 . During the year, Mason Interiors eamed senice revenve of 5400,000 . Cash colections for the yoar were $400,000. Expenses for the year wire $355,000, with $340,000 of that total paid in cash. The company also used cash to purchase equipment for $95,000 and to pay a calk dividend to stockholders of $28,000. During the year, the company also borowed $44,000 cash by issuing a long-tecm note payable. Requirement Prepare the company's statement of canh flows using the direct method. Propare the statement one section at a time. (Use parentheses or a minus sign for numbers to be suberacted, net cash oustows, and decroases in cath )