The following information is for Extra Surplus Supply Company for the year ended 12/31/2016. Please prepare a statement of cash flows using the direct method. Cash and cash equivalents, January 1, 2016 10,000 Cash paid for dividends 1,000 Cash paid for interest 1,000 Cash received from issuing common stock 10,000 Cash paid for land 10,000 Cash collected from customers 8,000 Cash received from sale of land 5,000 Cash paid on long-term debt 1,000 Cash paid to employees 3,000 Cash paid for inventory 5,500