7.16Three sisters formed a partnership, FreshGlow, to sell skin care products made from organic ingredients. They have been operating for one year. The bank balance at the end of the year is $34 500. A summary of business transactions is as follows:

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It is requested that you create a statement of cash flows for Freshglow.

Sales to customers Receipts from customers Payments for inventory Payments for electricity, telephone, rent and insurance Purchase of a motor vehicle Drawings Payment of interest Loan proceeds Interest received Equity injection $128 000 108 500 49 000 2 500 13 000 25 000 4 000 10 500 500 10 500