The following problem should be answered on paper with your name written at the top of the page. Once completed, you should photograph/scan your answer and then upload here. The following information is for Redwood Inc. for the year ended December 31, 2018. Redwood had a balance for cash and cash equivalents of $6,300 on January 1, 2018. Cash received from: Customers Interest on investments Sale of land Sale of common stock Issuance of debt securities $ 1,900 200 1,100 400 2,000 $ 300 Cash paid for: Interest on debt Income tax Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock Operating expenses 1,500 3,100 1,100 200 800 Required: Prepare a statement of cash flows for the year using the direct method