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The following information is for Redwood Inc. for the year ended December 31, 2018. Redwood had a balance for cash

and cash equivalents of $5,300 on January 1, 2018.


Cash Received from:    

Customers $ 1,910

Interest on investments   205

Sale of land   105

Sale of common stock   610

Issuance of debt securities   2,010

Cash Paid for:    

Interest on debt   305

Income tax   81

Debt principal reduction   1,510

Purchase of equipment   4,200

Purchase of inventory   1,000

Dividends on common stock   205

Operating expenses   505



Prepare 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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