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Prepare a statement of cash flows for the month

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Reference no: EM13528392

Pantera Inc. was organized on May 1, 2011. A summary of cash flows for May follows.

Cash receipts:
Cash received from customers $300,000
Cash received for capital stock 275,000
Cash received from note payable 55,000
Cash payments:
Cash paid out for expenses $180,000
Cash paid out for purchase of equipment 95,000
Cash paid as dividends 15,000

Prepare a statement of cash flows for the month ended May 31, 2011.

Reference no: EM13528392

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