Required information [The following information applies to the questions displayed below.) The following transactions apply to Ozark Sales for 2018: 1. The business was started when the company received $48,000 from the issue of common stock. 2. Purchased equipment inventory of $175,000 on account. 3. Sold equipment for $200,500 cash (not including sales tax). Sales tax of 7 percent is collected when the merchandise is sold. The merchandise had a cost of $125,500. 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 $150,500 of the sales. 6. On September 1, 2018, borrowed $20,000 from the local bank. The note had a 5 percent interest rate and matured on March 1, 2019. 7. Paid $5,700 for warranty repairs during the year. 8. Paid operating expenses of $52,500 for the year. 9. Paid $125,000 of accounts payable. 10. Recorded accrued interest on the note issued in transaction no. 6. Req B Inc Stmt Reg B Bal Sheet Reg B Stmt Cash Flows Prepare the statement of cash flows for 2018. (Do not round intermediate calculations and round your answers to the nearest whole dollar amount. Amounts to be deducted should be indicated with a minus sign.) OZARK SALES Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities Inflow from customers $ 210,000 Outflow for expenses (61,000) Outflow for sales tax (11,200) Inflow from sales tax 14,700 Outflow to purchase inventory (125,600) $ 26,900 0 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Inflow from stock issue Inflow from loan 48,000 20,500 68,500 95,400 Net cash flows from financing activities Net change in cash Plus: Beginning cash balance Ending cash balance 0 $ 95,400 c. What is the total amount of current liabilities at December 31, 2018? (Do not round intermediate calculations and round your answer to the nearest whole dollar amount.) Total current liabilities