Round your answers to the 1. Please provide a cash flow statement, using the direct method, based on the following facts for your corporation: Issued common stock for $475,000; Beginning cash balance was $111,000. Purchased equipment for $232,000; Sold old equipment for $35,000; Purchased inventory for $243,000; Sold inventory, on account, for $34,000; Paid off $75,000 of accounts payable; Paid employee salary $4,000; Collected $120,000 of accounts receivable; Paid income tax of $8,000; Paid cash dividends of $9,000; Depreciated equipment for $5,000; Received interest income from the bank $1,700