P 21-7 Enterprise fund statement of cash flows Caleb County had a beginning cash balance in its enterprise fund of $714,525. During the year, the following transactions affecting cash flows occurred:

1. Acquired equity investments totaling $165,000 for cash 2. Receipts from sales of goods or services totaled $3,276,500 3. Payments for materials used in providing services were made in the amount of $2,694,500 4. A capital grant, whose proceeds of $750,000 are restricted for the acquisition of constructing or improving a fixed asset, was awarded (cash was received during the year).

5. Payments to employees for salaries amounted to $479,300 6. The fund’s allocated portion of property taxes was $217,000 7. Other cash expenses for operations were $819,200 8. Capital assets used in providing goods and services were sold for $522,000. They had a book value of $550,000 9. Long-term debt payments totaled $515,000; not associated with capital assets REQuIRED: Prepare a statement of cash flows for the Caleb County enterprise fund.