The income statement and additional data of One stop, Inc., follow"

Additional data:
a. Collections from customers are $15,000 more than sales.
b. Payments to suppliers are $2,300 more than the sum of cost of goods sold plus advertising expense.
c. Payments to employees are $2,300 less than salary expense.
d. Dividend revenue, interest expense, and income tax expense equal their cash amounts.
e. Acquisition of plant assets is $161,000. Of this amount, $133,000 is paid in cash and $28,000 by signing a long-term note payable.
f. Proceeds from sale of land total $25,000.
g. Proceeds from issuance of common stock total $93,000.
h. Payment of a long-term note payable is $29,000.
i. Payment of dividends is $ 10,000.
j. Cash balance, June 30, 2015, was $42,000.
Requirements
1. Prepare One Stop, Inc.'s, statement of cash flows and accompanying schedule of noncash investing and financing activities. Report operating activities by the direct method.
2. Evaluate One Stop's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation.

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A1 One Stop, Inc ncome Statement Year Ended June 30,2016 Revenues: 3 Sales revenue 4 Dividend revenue 5 Expenses: 6 Cost of goods sold 7 Salary expense 8 Depreciation expense 9 Advertising expense 10 Interest expense 11 Income tax expense 12 Net income 13 265,000 11,000 $ 276,000 109,000 52,000 32,000 7000 2,500 11500 214,000