During January, The College Shop had the following cash flows:

Cash paid for merchandise ..............$ 4,000

Cash paid for rent ................ 5,300

Cash received from sales to customers ........ 13,000

Cash paid for utilities ................ 200

Cash received from owners ............. 9,000

Cash paid for equipment ............... 7,000

Cash paid for insurance .............. 2,500

Cash received from a bank loan ............ 10,500

Cash paid for wages ............... 1,200

The beginning cash balance was $4,000.

Required

Prepare a statement of cash flows for The College Shop.