Your answer is partially correct. The following information is available for Balboa Corp. for 2022. Cash used to purchase treasury stock Cash dividends paid $48,100 21,800 Cash paid for interest Net income 22,400 464,300 Sales revenue 802,000 Cash paid for taxes 99,000 Cash received from customers 566,100 Cash received from sale of building (at book value) 197,600 Cash paid for operating expenses 77,000 Beginning cash balance 11,000 Cash paid for goods and services 279.100 Cash received from issuing common stock 355,000 Cash paid to redeem bonds at maturity: 200,000 Cash paid to purchase equipment 113,200 Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a-sign eg-15,000 or in parenthesis eg (15,000)) Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) Balboa Corp. Statement of Cash Flows Direct Method For the Year Ended December 31.2022 Cash Flows from Operating Activities Cash Receipts from Customers Less Cash Payments For Operating Expenses For Interest For Income Taxes For Goods and Services Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Building -77000 i 22400 99000 i 279100 i 197600 119200 566100 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Building Purchase of Equipment Net Cash Provided by Investing Activities Cash Flows from Financing Activities Purchase Treasury Stock Payment of Cash Dividend 197600 -113200 48100 -21800 Issuance of Common Stock 355000 Cash Paid to Redeem Bords at Maturity -200000 Net Cash Provided by Financing Activities Net Increase in Cash Cash at Beginning of Period 84400 258100 11000 Purchase of Equipment Net Cash Provided by Investing Activities Cash Flows from Financing Activities Purchase Treasury Stock Payment of Cash Dividend Issuance of Common Stock -113200 -48100 -21800 355000 Cash Paid to Redeem Bonds at Maturity -200000 Net Cash Provided by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period 0.9371 84400 258100 11000 269100 eTextbook and Media Save for Later Attempts: unlimited Submit