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Prepare a statement of cash flows for sunset travel

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Reference no: EM13554841

Statement of cash flows

A summary of cash flows for Sunset Travel Service for the year ended April 30, 2014, is shown below.

Cash receipts:

Cash received from customers

$1,500,000

Cash received from issuing capital stock

75,000

Cash payments:

Cash paid for operating expenses

1,215,000

Cash paid for land

240,000

Cash paid for dividends

66,000

The cash balance as of May 1, 2013, was $220,000. Prepare a statement of cash flows for Sunset Travel Service for the year ended April 30, 2014.

Reference no: EM13554841

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