Business, 18.05.2021 18:40 Ericabarnes114

The following information is for Redwood Inc. for the year ended December 31, 2021. Redwood had a balance for cash and cash equivalents of $4,800 on January 1, 2021. Cash Received from: Customers $ 2,040 Interest on investments 270 Sale of land 170 Issuance of common stock 740 Issuance of debt securities 2,140 Cash Paid for: Interest on debt 370 Income tax 76 Debt principal reduction 1,640 Purchase of equipment 3,700 Purchase of inventory 1,000 Dividends on common stock 270 Operating expenses 570 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.)

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The following information is for Redwood Inc. for the year ended December 31, 2021. Redwood had a ba...