Teresa Ramirez and Lenny Traylor are examining the following statement of cash flows for Pina Clothing Store's first year of operations. PINA CLOTHING STORE STATEMENT OF CASH FLOWS FOR THE Y EAR ENDED JANUARY 31, 2020 Sources of cash From sales of merchandise $380,000 From sale of common stock 379,000 From sale of investment 124,000 From depreciation 77,000 From issuance of note for truck 28,000 From interest on investments 7,900 Total sources of cash 995,900 Uses of cash For purchase of fixtures and equipment 328,000 For merchandise purchased for resale 251,000 For operating expenses (including depreciation) 168,500 For purchase of investment 94,000 For purchase of truck by issuance of note 28,000 For purchase of treasury stock 11,000 For interest on note Total uses of cash Net Increase in Cash Teresa claims that Pina's statement of cash flows is an excellent portrayal of a superb first year, with cash increasing $112,600. Lenny replies that it was not a superb first year-that the year was an operating failure, the statement 2,800 883,300 $112,600