PREPARATION OF A STATEMENT OF CASH FLOWS. Yogurt Plus, a restau- rant, collected the following data on inflows and outflows for 19x9:

REQUIRED:
Prepare a statement of cash flows, using the direct method to determine cash flows from operations.

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INFLOWS Sales (all for cash) Cash received from sale of common stock $379,000 50,000 Proceeds from issuance of new long-term notes payable Proceeds from sale of used restaurant fixtures 40,000 13,000 Proceeds from issuance of short-term note payable 35,000 Notes payable issued in exchange for kitchen equipment 30,000 $547,000 Total inflows OUTFLOWS Cash payments for merchandise sold Cash payments for operating expenses Cash payments for interest Cash payments for income taxes Purchase of restaurant fixtures for cash Principal payment on mortgage Payment of dividends Cost of kitchen equipment acquired in exchange for notes payable Total outflows $203,000 125,000 22,000 8,000 105,000 35,000 6,000 30,000 $534,000