The following information is for Redwood Inc. for the year ended December 31, 2021. Redwood had a balance for cash and cash equivalents of $5,900 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.) \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ REDWOOD INC. } \\ \hline \multicolumn{2}{|c|}{ For the Year Ended December 31, 2021} \\ \hline Cash flows from operating activities: & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Cash flows from investing activities & \\ \hline Net cash flows from operating activities & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{1}{|c|}{ Net cash flows from operating activities } & & \\ \hline Cash flows from investing activities & & \\ \hline & & \\ \hline Net cash flows from investing activities & & \\ \hline Cash flows from financing activities: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net cash flows from financing activities & & \\ \hline Net decrease in cash & & \\ \hline Cash and cash equivalents, January 1 & & \\ \hline Cash and cash equivalents, December 31 & & \\ \hline \end{tabular}