The following transactions apply to Ozark Sales for Year 1:

The business was started when the company received $48,000 from the issue of common stock. Purchased equipment inventory of $175,000 on account. Sold equipment for $206,000 cash (not including sales tax). Sales tax of 7 percent is collected when the merchandise is sold. The merchandise had a cost of $131,000. 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 $156,000 of the sales. On September 1, Year 1, borrowed $20,500 from the local bank. The note had a 6 percent interest rate and matured on March 1, Year 2. Paid $5,500 for warranty repairs during the year. Paid operating expenses of $54,000 for the year. Paid $125,500 of accounts payable. Recorded accrued interest on the note issued in transaction no. 6.

How would you construct the Statement of Cash Flows?