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. A summary of cash flows for Linda's Design Services for the year ended December 31 is shown below. Cash receipts: Cash received from customers

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A summary of cash flows for Linda's Design Services for the year ended December 31 is shown below.

Cash receipts:
Cash received from customers $84,560
Cash received from additional investment by owner 15,100
Cash payments:
Cash paid for expenses $30,910
Cash paid for land 62,810
Cash paid for supplies 370
Drawing 6,730
Cash balance as of January 1 $5,000

Prepare a statement of cash flows for Linda's Design Services for the year ended December 31. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. Enter amounts that represent cash outflows as negative numbers using a minus sign.

Lindas Design Services

Statement of Cash Flows

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(label)

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(label)

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(label)

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