Refer to the data in Exercises 1-22A and 1-23A.
In Exercises 1-22A, Assume the Island Coffee Roasters Corp. ended the month of August 2015 with these data:

Requirement
1. Prepare the statement of cash flows of Island Coffee Roasters Corp., for the month ended August 31, 2015. Using Exhibit 1-11 as a model, show with arrows the relationships among the income statement, statement of retained earnings, balance sheet, and statement of cashflows.

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Payments of cash: Acquisition of equipment$205,000 Cash balance, August 1, 20150 Dividends..2,400 August 1, 201 August 31, 201 Cash balance, August 31, 2015. 5,500 Cash receipts: Retained earnings Retained earnings Utilities expense Issuance (sale) of stock Rent expens 1,800 24,400 Common stock Office supplies Service revenue 5,200 Adjustments to reconcile net income to net cash provided by operatic 1,400 Accounts payable 78,500 7,400 8,800 272,600 Salary expense