Show me the steps to solve the following and the answers: Pendray Systems Corporation began operations on January $1,2015,$ as an online retailer of computer software and hardware. The following financial statement data were taken from Pendray's records at the end of its first year of operations, December $31,2015.$ Prepare a statement of cash flows for the year ended December $31,20Y5.$ Use the minus sign to indicate cash outflows, decreases in cash, or cash payments. If your answer is zero,

leave it blank.

Pendray Systems Corporation

Statement of Cash Flows

For the Month Ended December $31,20$ Y$5$

Cash flows used for investing activities:

Cash paid for property, plant, and equipment

Accounts payable $$55,000$

Accounts receivable $302,500$

Common stock $693,000$

Cash $?$

Cash payments for operating activities $1,806,750$

Cash receipts from operating activities $1,897,500$

Cost of sales $1,196,250$

Dividends $82,500$

Income tax expense $145,750$

Income taxes payable $22,000$

Interest expense $5,500$

Inventories $316,250$

Note payable $($due in ten years$)137,500$

Property, plant, and equipment $728,750$

Retained earnings $?$

Sales $2,200,000$

Selling and administrative expenses $220,000$

Solve the following questions in the pictures with the information given.