Information related to data to be reported in the statement of cash flows of Bravo Dress Shops, Inc. based on the following information:

Comparative Balance Sheet:

Bravo Dress Shops, Inc.

BALANCE SHEETS

December 31

Assets Year 2 Year 1

Cash $300,000 $200,000

Accounts receivable, net 840,000 580,000

Merchandise inventory 660,000 420,000

Prepaid expenses 100,000 50,000

Total current assets $1,900,000 $1,250,000

Long-term investments $80,000 $0

Land, buildings, and fixtures 1,130,000 600,000

Less accumulated depreciation 110,000 50,000

Property, Plant & Equipment (net) $1,020,000 $550,000

Total assets $3,000,000 $1,800,000 Liabilities & Equities

Current liabilities:

Accounts payable $530,000 $440,000

Accrued expenses 140,000 130,000

Dividends payable 70,000 0

Total current liabilities $740,000 $570,000

Note payabledue year 4 $500,000 $0

Stockholders' equity:

Common stock $1,200,000 $900,000

Retained earnings 560,000 330,000

Total stockholders' equity 1,760,000 1,230,000

Total liabilities and stockholders' equity $3,000,000 $1,800,000

Comparative Income Statement:

Bravo Dress Shops, Inc. INCOME STATEMENTS

Year ended December 31

Net credit sales $6,400,000 $4,000,000

Cost of goods sold 5,000,000 3,200,000

Gross profit 1,400,000 800,000

Expenses (including income taxes) 1,000,000 520,000

Net income $400,000 $280,000

Additional information available included the following:

> All accounts receivable and accounts payable are related to trade merchandise. Accounts payable are recorded net and always are paid to take all of the discount allowed. The allowance for doubtful accounts at the end of year 2 was the same as at the end of year 1; no receivables were charged against the allowance during year 2.

> The proceeds from the note payable were used to finance a new store building. Capital stock was sold to provide additional working capital. Purchases for year 2 on accounts payable to suppliers amounted to