Question Help When Interiors began the year with cash of $57,000. During the year, Milton Interiors earned service revenue of $402 000 Cash collections for the year were 5380 000 Expenses for the year were $385.000 370 000 of that total paid in cash The company also used cash to purchase equipment for S70 000 and to pay a cash dividend to stockholders of 534000. During the year, the company also borrowed 54000 cash by issuing a long term note payabile 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 minus sign for numbers to be subtracted, net cash outlows and decreases in cash) Milton Interiors Statement of Cash Flows (Direct Method) For the Year Ended December 31 Operating Activities: Payments to suppliers and employees Service revenue eamed Net cash provided by used for) operating activities