Please help! Use the direct method

Istant Brake Inc.'s comparative balance sheet information at December 31, 2020 and 2019, and its income statement for the year nded December 31, 2020, are as follows: During 2020 , the following transactions occurred: 1. Purchased equipment for $20,000 cash. 2. Sold the investment on January 1,2020 , for $36,800, resulting in investment income of $15,520. 3. Sold equipment for $7,120 cash that had originally cost $35,520 and had $20,240 of accumulated depreciation. 4. Issued $32,000 of bonds payable at face value. Other information: a. All sales are credit sales. b. All credits to accounts receivable in the period are receipts from customers. c. All purchases of merchandise are on credit. d. All debits to accounts payable in the period result from payments for merchandise. e. Other operating expenses are cash expenses. f. Income taxes are cash expenses. Required: Prepare a statement of cash flows for 2020 using the direct method to report cash inflows and outflows from operating activities. (List any deduction in cash and cash outflows as negative amounts.) INSTANT BRAKE INC. Statement of Cash Flows For Year Ended December 31, 2020 Cash flows from operating activities: Cash paid for income taxes $(26,000) Cash paid for operating expenses (132,800) Cash paid for inventory Cash received from customers (44,480)28,600 Net cash inflow from operating activities \$ (174,680) Cash flows from investing activities: Purchase of equipment $(20,000) Proceeds from sale of investment 36,800 Net cash inflow from investing activities Cash flows from financing activities