The following are comparative balance sheets and an income statement for Wentworth Company, Wentworth Company Balance Sheets as of December 31 2021 $ 21,500 195.000 188,888 8 00:58:15 2020 $ 128,eee 185, cea 225, eee 60,000 $ 510,000 $ 396,500 Cash Accounts receivable Inventory Long-term investments Total assets Liabilities and shareholders' equity Accounts payable Operating expenses payable Bonds payable Common stock Retained earnings Totals $ 75,000 24.ee 70. eee 125,000 102.500 $ 396,500 120.000 15,00 100,000 125.000 150.000 510.000 $560,000 Wentworth Company Income Statement For the Year Ended December 31, 2021 Sales Cost of goods sold: Beginning inventory $225,000 Purchases 330, cee Goods available for sale 555,000 Less: ending inventory 182.ee Cost of goods sold Gross profit Operating expenses Income from operations Other expenses: Loss on sale of long-term investment Net loss 375,000 185,000 180,000 500 (7,500) (2,500) $ 3 00:58:53 Cash dividends of $45,000 were paid in 2021. Required: Prepare a statement of cash flows for 2021 using the direct method. (Amounts to be deducted should be indicated with a minus sign.) WENTWORTH COMPANY Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: Cash inflows: Cash outflows: For operating expenses Net cash flows from operating activities Cash flows from investing activities Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Cash balance, January 1 Cash balance, December 31