Instant Brake inc.'s comparative balance sheet information at December 31,2023 and 2022 , and its income statement for the year ended December 31,2023 , are as follows: During 2023, the following transactions occurred: 1. Purchased equipment tor $21,000 cash. 2. Sold the investment on January 1, 2023, for $46,800, resulting in investment income of $20,520 3. Sold equipment for $7,620 cash that had originally cost $41,520 and had $20,080 of accumulated depreciation. 4. Issued $16,000 of bonds payable at face value. Other information: a. All sales are credit sales. b. All credits to accounts recelvable in the period are recelots from customers. c. All purchases of merchandise are on credit. d. All debits to accounts payable in the period resuit from payments for merchandise. e. Other operating expenses are cash expenses 1. Income taxes are cash expenses. Required: Prepare a statement of cash flows for 2023 using the direct method to report cash infows and outhows from operating activities. (List any deduetion in eash and cash outfiows as negative amounts.).