Statement of Cash Flows Shown below is selected information from the financial records of Willy Corporation as of December 31, 2019: Inventory $155,000 Cash purchase of equipment $129,000 Cash collected from customers 670,000 Buildings, net 860,000 Equipment, net 255,000 Sales revenue 940,000 Retained earnings 580,000 Cash paid for operating activities 425,000 Cash dividends paid 90,000 Principal payments on existing notes payable 128,000 Salary expense 226,000 Common stock 329,000 Required Determine which of the above items will appear on the statement of cash flows and then prepare the statement for Willy Corporation for the year ended December 31, 2019. Use negative signs with your answers to show a cash outflow or decrease in cash. WILLY CORPORATION Statement of Cash Flows For Year Ended December 31, 2019 Operating activities $ 0 0 $ 0 Cash flow from operating activities Investing activities 0 0 Cash flow for investing activities Financing activities 0 0 Cash dividends paid Cash flow for financing activities Decrease in cash 0 $ 0