The following information is for Redwood Inc. for the year ended December 31, 2018. Redwood had a balance for cash and cash equivalents of $6,200 on January 1, 2018. $2,000 250 150 700 2,100 Cash Received from: Customers Interest on investments Sale of land Sale of common stock Issuance of debt securities Cash Paid for: Interest on debt Income tax Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock Operating expenses 350 90 1,600 5,100 1,000 250 550 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.) REDWOOD INC. Statement of Cash Flows For the Year Ended December 31, 2018 $ 0 0 0 0 $ 0