Morning Bean Food Equipment Company had the following transactions for the month ending January 31, 2024. Morning Bean’s cash balance on January 1, 2024, was $11,800.

Prepare the statement of cash flows of Morning Bean Food Equipment Company for the month ended January 31, 2024.

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Jan. 1 7 14 17 23 26 The owner contributed an additional $5,000 cash to the business in exchange for capital. Purchased equipment for $2,400 on account. Paid $19,000 cash for land. Paid cash expenses: employees' salaries, $1,300; office rent, $1,600; utilities, $450. The owner withdrew $500. Earned service revenue for the month, $8,500, receiving cash.