Concepts for Analysis 23-2 Teresa Ramirez and Lenny Traylor are examining the following statement of cash flows for Vaughn Clothing Store's first year of operations. VAUGHN CLOTHING STORE STATEMENT OF CASH FLowS FOR THE YEAR ENDED JANUARY 31, 2017 Sources of cash From sales of merchandise From sale of common stock From sale of investment From depreciation From issuance of note for truck From interest on investments 385,500 374,500 124,500 84,500 31,200 9,100 1,009,300 Total sources of cash Uses of cash For purchase of fixtures and equipment For merchandise purchased for resale For operating expenses (including depreciation) For purchase of investment For purchase of truck by issuance of note For purchase of treasury stock For interest on note 341,000 258,500 172,400 99,400 1,200 11,100 3,120 916,720 92,500 Total uses of cash Net Increase in Cash Teresa claims that Vaughn's statement of cash flows is an excellent portrayal of a superb first year-that the year was an operating failure, the statement was incorrectly presented, and $92,580 is not the actual increase in cash