A summary of cash flows for Ethos Consulting Group for the year ended May 31, 20Y6, follows:

Cash receipts:
Cash received from customers .................................................... $637,500
Cash received from additional investment of owner .................... 62,500
Cash payments:
Cash paid for operating expenses ................................................. 475,000
Cash paid for land .............................................................................. 90,000
Cash paid to owner for personal use .............................................. 17,500
The cash balance as of June 1, 20Y5, was $58,000. Prepare a statement of cash flows for Ethos Consulting Group for the year ended May 31, 20Y6.