The following information has been provided for your client, Haley Incorporated: You have also been provided with the following additional information: 1. Operating expenses are paid in the month incurred. 2. Purchases are made using credit, with 70% paid in the month of purchase and the balance the following month. 3. Total sales in May were $750,000. 4. Sales are 45% cash and 55% credit. 5. The term of credit sales is 2/10,n/30. 6. Credit sales are collected at 60% in the month following the month of sale (of which 75% are collected within 10 days), and 40% in the month thereafter. Required: Prepare the statement of cash flow for the month of July. There are no investing or financing activities. Round all amounts to the nearest dollar