Statement of Cash Flows-Direct Method The comparative balance sheet of Canace Products Inc. for December 31, 20Y6 and 20Y5, is as follows: Additional data obtained from an examination of the accounts in the ledger for 20Y6 are as follows: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $66,280 cash. d. The common stock was issued for cash. e. There was a $17,500 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, usina the direct method of presentinq cash flows from operating activities. Use the minus sign to indicate its