The following information is for Redwood Inc. for the year ended December 31, 2021. Redwood had a balance for cash and cash equivalents of $5,100 on January 1, 2021. $2,010 255 155 710 2,110 Cash Received from Customers Interest on investments Sale of land Issuance 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 355 79 1.610 4,000 1.000 255 555 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, 2021 Cash flows from operating activities: Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: Net cash flows from operating activities Cash flows from investing activities Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net decrease in cash Cash and cash equivalents, January 1 Cash and cash equivalents, December 31