Morning Bean Food Equipment Company had the following transactions for the month ending January 31, 2018. Morning Bean's cash balance on January 1, 2018, was $11,800.
Jan. 1 Common stock was issued to stockholders for $5,000 cash.
7 Purchased equipment for $2,400 on account.
14 Paid $19,000 cash for land.
17 Paid cash expenses: employees' salaries, $1,300; office rent, $1,600; utilities, $450.
23 Paid cash dividends of $500.
26 Earned service revenue for the month, $8,500, receiving cash.
Prepare the statement of cash flows of Morning Bean Food Equipment Company for the month ended January 31, 2018.