Statement of Cash FlowsDirect Method The comparative balance sheet of Suffridge Inc. for December 31, 20Y4 and 20Y3, is as follows: Dec. 31, 20Y4 Dec. 31, 20Y3 Assets Cash $790,090 $815,600 Accounts receivable (net) 1,185,100 1,091,700 Inventories 1,664,800 1,628,200 Investments 0 515,800 Land 1,146,100 0 Equipment 1,461,300 1,174,800 Accumulated depreciationequipment (574,800) (439,800) Total assets $5,672,590 $4,786,300 Liabilities and Stockholders' Equity Accounts payable $1,289,400 $1,154,000 Accrued expenses payable 80,900 94,600 Dividends payable 120,300 108,900 Common stock, $5 par 155,200 35,800 Excess of paid-in capital over par 1,134,200 537,300 Retained earnings 2,892,590 2,855,700 Total liabilities and stockholders' equity $5,672,590 $4,786,300 The income statement for the year ended December 31, 20Y4, is as follows: Sales $5,386,900 Cost of merchandise sold 2,808,100 Gross profit $2,578,800 Operating expenses: Depreciation expense $135,000 Other operating expenses 1,605,610 Total operating expenses 1,740,610 Income from operations $838,190 Other income: Gain on sale of investments 186,200 Income before income tax $1,024,390 Income tax expense 357,100 Net income $667,290 Additional data obtained from an examination of the accounts in the ledger for 20Y4 are as follows: Equipment and land were acquired for cash. There were no disposals of equipment during the year. The investments were sold for $702,000 cash. The common stock was issued for cash. There was a $630,400 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the direct method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Suffridge Inc. Statement of Cash Flows For the Year Ended December 31, 20Y4 Cash flows from (used for) operating activities: $fill in the blank 2 fill in the blank 4 fill in the blank 6 fill in the blank 8 Net cash flows from operating activities $fill in the blank 9 Cash flows from (used for) investing activities: $fill in the blank 11 fill in the blank 13 fill in the blank 15 Net cash flow used for investing activities fill in the blank 16 Cash flows from (used for) financing activities: $fill in the blank 18 fill in the blank 20 Net cash flows provided by financing activities fill in the blank 21 $fill in the blank 23 Cash balance, January 1, 20Y4 fill in the blank 24 Cash balance, December 31, 20Y4 $fill in the blank 25