Data Solutions, Inc., accountants have developed the following data from the company's accounting records for the ended July 31, 2005: year 1. Purchase of plant assets, $100,000 2. Proceeds from issuance of notes payable, $44,100 3. Payments of notes payable, $18,800 4. Proceeds from sale of plant assets, $59,700 5. Cash receipt of dividends, $2,700 6. Payments to suppliers, $673,300 7. Interest expense and payments, $37,800 8. Collection of interest revenue, $11,700 9. Payments of salaries, $104,000 10. Income tax expense and payments, $56,400 11. Depreciation expense, $27,700 12. Collections from customers, $827,100 13. Proceeds from issuance of common stock, $116,900 14. Payment of cash dividends, $50,500 15. Cash balance: July 31, 2004 - $53,800; July 31, 2005 - $75,200 Requirements: 1. Prepare Data Solutions' statement of cash flows for the year ended July 31, 2005. Use the direct method for cash flows from operating activities. 2. What can you infer about the health of the company from the computed statement of cash flows? (write in the text box provided)