Transcribed image text: The following information is for Redwood Inc. for the year ended December 31, 2021. Redwood had a balance for cash and cash equivalents of $5,200 on January 1, 2021. $1,900 200 100 600 2.000 Cash Received from Customers Interest on investments Sale of land Issuance of common stock Issuance of debt securities Cash Paid fort Interest on debt Income tax Debt principal reduction Purchase of equipment Purchase of Inventory Dividends on common stock Operating expenses 300 80 1,500 4,100 1,000 200 500 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: 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