Refer to the data in Exercises 1-24A and 1-25A.

Prepare the statement of cash flows of Dogan Copy Center, Inc., for the month ended July 31, 2012. 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... $460,000 Cash balance, July 1, 2012 $ Dividends Retained earnings July 1, 2011 Retained earnings July 31, 2012 Utilities expense 4,700 Cash balance, July 31, 2012....10,300 Cash receipts: Issuance (sale) of stock o owners...105,300 2,700 105,300 Equipment. 460,000 14,700 17,400 540,200 Rent expense Common st 10,500 Adjustments to reconcile net income to net cash provided by operations Office suppl Accounts payable Service revenue.. 2,700 160,000 Salary expense