Problem 4: The following information is for Redwood Inc. for the year ended December 31, 2016. Redwood had a cash and cash equivalents balance of $5,200 on January 1, 2016 Cash received from: Customers 1.900 Interest on investments IK Sale of land 100 Sale of common stock 600 Issuance of debt securities 2,000 Cash paid for: Interest on debt $ 300 Income tax 30 Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock 1,500 41001 100) 200 Operating expenses 500 Required: Prepare a statement of cash flows for the year using the direct method for operating activities