Sarasota Inc., a greeting card company that follows ASPE, had the following statements prepared as at December 31,2023 : Sarasota Inc. Comparative Statement of Financial Position December 31 \begin{tabular}{lrr} & 2023 & 2022 \\ Cash & $46,780 & $25,140 \\ Accounts receivable & 57,860 & 51,040 \\ Inventory & 40,080 & 60,160 \\ Prepaid rent & 5,260 & 4,130 \\ Equipment & 162,550 & 130,040 \\ Accumulated depreciation-equipment & (35,260) & (25,130) \\ Goodwill & 22,000 & 58,000 \\ \cline { 2 - 2 } Total assets & $299,270 & $303,380 \\ \hline \hline \end{tabular} Accounts payable $46,050$40,040 Income tax payable 4,0806,160 Salaries and wages payable 8,1404,140 Short-term loans payable Long-term loans payable Common shares Retained earnings Additional information: Dividends on common shares in the amount of $4,500 were declared and paid during 2023 . Dividends paid are treated as 1. financing activities. 2. Depreciation expense is included in operating expenses, as is salaries and wages expense of $72,500. 3. Equipment with a cost of $22,000 that was 70% depreciated was sold during 2023 . Prepare a statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a negative sign e.g. -10,000 Cash, January 1, 2023 Cash, December 31, 2023 Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash Cash Paid for Interest Cash Paid for Other Operating Expenses Cash Paid for Taxes Cash Paid to and on Behalf of Employees Cash Paid to Suppliers for Goods and Services Cash Received from Customers Dividends Paid Principal Payments on Long-Term Loans Principal Payments on Short-Term Loans Proceeds on Sale of Equipment Purchase of Equipment