(APPENDIX 11A) PREPARING NET CASH FLOWS FROM OPERATING ACTIVITIES—DIRECT METHOD Yogurt Plus, a restaurant, collected the following information on inflows and outflows for 2009:

Inflows Sales (all for cash) $379,000 Cash received from sale of common stock 50,000 Proceeds from issuance of long-term notes payable 40,000 Proceeds from sale of used restaurant fixtures 13,000 Proceeds from issuance of short-term note payable 35,000 Notes payable issued in exchange for kitchen equipment 30,000 Outflows Cash payments made for merchandise sold $203,000 Cash payments for operating expenses 125,000 Cash payments for interest 22,000 Cash payments for income taxes 8,000 Purchase of restaurant fixtures for cash 105,000 Principal payment on mortgage 35,000 Payment of dividends 6,000 Cost of kitchen equipment acquired in exchange for note payable 30,000 Yogurt Plus had a cash balance of $21,800 at 1/1/09.

Required:

Prepare a statement of cash flows, using the direct method to determine net cash flow from operating activities.