Produce a statement of cash flows for Lavalier Communications, Inc. using the direct method and the account totals from the trial balance below.
| General Journal | ||
| Account | Debits | Credits |
| CASH | $6,490,001 | 5,433,450 |
| SECURITY DEPOSITS | 4,000 | 0 |
| ADVANCES TO SUPPLIERS | 250,000 | 250,000 |
| ACCOUNTS RECEIVABLE | 932,500 | 641,000 |
| ALLOWANCE FOR UNCOLLECTIBLES | 25,564 | 59,029 |
| FINISHED GOODS INVENTORY | 650,000 | 645,000 |
| PREPAID RENT | 4,000 | 4,000 |
| INVESTMENT IN BONDS | 2,000,000 | 0 |
| EQUIPMENT | 45,000 | 0 |
| ACCUMULATED DEPRECIATION | 0 | 11,250 |
| PATENTS | 2,000,000 | 200,000 |
| ACCOUNTS PAYABLE | 215,450 | 315,450 |
| PAYROLL TAXES PAYABLE | 120,000 | 120,000 |
| COMMON STOCK | 0 | 1,000,000 |
| PAID-IN CAPITAL IN EXCESS OF PAR | 0 | 4,000,000 |
| SALES REVENUE | 0 | 1,697,125 |
| INTEREST REVENUE | $ 0 | $ 131,126 |
| COST OF GOODS SOLD | 645,000 | 0 |
| SALARY EXPENSE | 480,000 | 0 |
| COMMISSION EXPENSE | 70,450 | 0 |
| PAYROLL TAX EXPENSE | 120,000 | 0 |
| RENT EXPENSE | 44,000 | 0 |
| UNCOLLECTIBLE ACCOUNT EXPENSE | 80,215 | 0 |
| DEPRECIATION EXPENSE—EQUIPMENT | 11,250 | 0 |
| AMORTIZATION EXPENSE—PATENTS | 200,000 | 0 |
| PATENT LICENSE EXPENSE | 120,000 $ | 0 |
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