How do i determine the cash and merchandising inventory in the balance sheet as well as Outflow to purchase inventory and Outflow for sales tax in the statement of cash flows?

Required information Exercise 9-8A Current liabilities LO 9-1, 9-2, 9-4 [The following information applies to the questions displayed below.] The following transactions apply to Ozark Sales for Year 1: 1. The business was started when the company received $48,500 from the issue of common stock. 2. Purchased equipment inventory of $174,000 on account. 3. Sold equipment for $199,500 cash (not including sales tax). Sales tax of 7 percent is collected when the merchandise is sold. The merchandise had a cost of $124,500. 4. Provided a six-month warranty on the equipment sold. Based on industry estimates, the warranty claims would amount to 3 percent of sales. 5. Paid the sales tax to the state agency on $149,500 of the sales. 6. On September 1, Year 1, borrowed $22,000 from the local bank. The note had a 6 percent interest rate and matured on Ma ch 1, Year 2 7. Paid $5,500 for warranty repairs during the year. 8. Paid operating expenses of $55,500 for the year. 9. Paid $124,500 of accounts payable. 10. Recorded accrued interest on the note issued in transaction no. 6. Answer is not complete. OZARK SALES Balance Sheet As of December 31, Year 1 Assets Cash Merchandise inventory $ 0 Total assets Liabilities Accounts payable Sales tax payable Notes payable Warranty payable Interest payable $ 49,500 3,500 22,000 485 440 75,925 Total liabilities Stockholders' equity Common stock Retained earnings $ 48,500 Total stockholders' equity Total liabilities and stockholders' equity 48,500 $ 124,425 OZARK SALES Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flow from operating activities: Inflow from customers $ 199,500 Outflow to purchase inventory Outflow for sales tax Outflow for expenses (61,000) Inflow from sales tax 13,965 $ 152,465 0 Net cash flow from operating activities Cash flows from investing activities: Cash flows from financing activities Inflow from stock issue Inflow from loan $ 48,500 22,000 Net cash flows from financing activities Net change in cash Plus: Beginning cash balance Ending cash balance 70,500 222,965 0 $ 222,965