=+cash flows 5 A summary of cash flows for Pickerel Consulting Group for the year ended March 31, 2010, is shown below.

Cash receipts:

Cash received from customers . . . . . . . . . . . . . . . . . . . . . $239,100 Cash received from additional investment of owner . . . . . . 50,000 Cash payments:

Cash paid for operating expenses . . . . . . . . . . . . . . . . . . . 162,900 Cash paid for land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75,000 Cash paid to owner for personal use . . . . . . . . . . . . . . . . . 10,000