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The following transactions apply to Ozark Sales for Year $1$:

The business was started when the company received $$49,000$ from the issue of common stock.

Purchased equipment inventory of $$174,500$ on account.

Sold equipment for $$205,500$ cash $($not including sales tax$).$ Sales tax of $8$ percent is collected when the merchandise is sold. The merchandise had a cost of $$130,500.$

Provided a six$-$month warranty on the equipment sold. Based on industry estimates, the warranty claims would amount to $4$ percent of sales.

Paid the sales tax to the state agency on $$155,500$ of the sales.

On September $1,$ Year $1,$ borrowed $$20,000$ from the local bank. The note had a $5$ percent interest rate and matured on March $1,$ Year $2.$

Paid $$5,700$ for warranty repairs during the year.

Paid operating expenses of $$53,500$ for the year.

Paid $$125,400$ of accounts payable.

Recorded accrued interest on the note issued in transaction no$.6.$

b$-3.$ Prepare the statement of cash flows for Year $1.$

Note: Enter amounts to be deducted and cash outflows with a minus sign. Round your answers to the nearest whole dollar.

$\backslash$table$[[$OZARK SALES,$],[$For the Year Ended December $31,$ Year $1,],[$Cash flows from operating activities:,,$],[$Inflow from customers,,$],[$Inflow from sales tax,,$],[$Outflow to purchase inventory,,$],[$Outflow for sales tax,,$],[,,],[,,],[$Net cash flows from operating activities,,$],[$Cash flows from investing activities:,,$],[$Cash flows from financing activities,,$],[$Inflow from stock issue,,$],[$Inflow from loan,,$0],[,,],[$Net cash flows from financing activities,,$],[$Net change in cash,,$],[$Plus: Beginning cash balance,,$],[$Ending cash balance,,$]]$