The following information is for Redwood Inc. for the year ended December 31, 2021. Redwood had a balance for cash and cash equivalents of $4,400 on January 1, 2021. Required: Prepare a statement of cash flows for the year using the direct method for operating activities (Amounts to be deducted should be indicated with a minus sign.) Required: Prepare a statement of cash flows for the year using the direct method for operating activities, (Amounts to be deducted should be indicated with a minus sign.)