The following information is for Redwood Inc. for the year ended December 31, 2016. Redwood had a cash and cash equivalents balance of $5,600 on January 1, 2016.

Cash Received from:
Customers	$	1,940
Interest on investments		220
Sale of land		120
Sale of common stock		640
Issuance of debt securities		2,040
Cash Paid for:
Interest on debt		320
Income tax		84
Debt principal reduction		1,540
Purchase of equipment		4,500
Purchase of inventory		1,000
Dividends on common stock		220
Operating expenses		520

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.)