Question Help Miguel Interiors began the year with each of 553.000. During the year, Miguel Interiors camned service revenue of $400,000. Cathcolections for the year were $300.000. Experson for the year were $100.000, with $385,000 of that total paid in cash. The company also used cash to purchase equipment for 560,000 and to pay a cash dividend to vockholders of $30,000. During the year, the company torowed $80.000 cash by issuing a long-term note payable Requirement Prepare the company's statement of cash flows using the direct method Prepare the statement one section at a time (Une parentemes or a minus vign for numbers to be stated, et omhoow, and decreas) Miguel Interiors Statement of Cash Flow (Direct Method) For the Year Ended December 31 Operating Activities Net cash provided by used for operating activities