(Appendix 11A) Preparing Net Cash Flows from Operating Activities-Direct Method Yogurt Plus, a restaurant, collected the following information on inflows and outflows for 2018:

Yogurt Plus had a cash balance of \(\$ 21,800\) at \(1 / 1 / 18\).
\section*{Required:}
1. Prepare a statement of cash flows, using the direct method to determine net cash flow from operating activities.
2. What can you conclude by examining the patterns in Yogurt Plus's cash flows?
Problem

Inflows Outflows Sales (all for cash) $334,500 Cash payments made for merchandise Cash received from sale of common shares Proceeds from issuance of long-term notes payable 72,000 sold $176,450 Cash payments for operating expenses 115,210 50,000 Cash payments for interest 24.600 Proceeds from sale of used restaurant furniture Proceeds from issuance of short-term note payable Notes payable issued in exchange for kitchen equipment Cash payments for income taxes 9.475 11,300 Purchase of restaurant furniture for cash 108,800 Principal payment on mortgage 35.000 15,000 Payment of dividends 10,000 Cost of kitchen equipment acquired in 30,000 exchange for notes payable 30,000 Yogurt Plus had a cash balance of $21,800 at 1/1/18.