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 Cash received from sale of stock $87,800 24,300 Cash payments: Cash paid for expenses Cash paid for land Cash paid for supplies Dividends $26,700 45,700 330 3,600 The cash balance as of January 1 $41,700 Prepare a statement of cash flows for Linda's Design Services for the year ended December 31. Use the minus sign to indicate cash out flows, a decrease in cash or cash payments. Linda's Design Services Statement of Cash Flows For the Year Ended December 31 Cash flows from operating activities: D0" Cash dividends Cash received from sale of stock ctivities tivities: Cash paid for land Cash received from customers Net cash flows from financing activities Cash balance, January 1 Cash balance, December 31 Linda's Design Services Statement of Cash Flows For the Year Ended December 31 Cash flows from operating activities: Cash dividends Cash received from sale of stock Cash paid for land Cash payments for expenses and supplies Net cash flows from financing activities ii) Cash balance, January 1 Cash balance, December 31 Linda's Design Services Statement of Cash Flows For the Year Ended December 31 Cash flows from operating activities: Net cash flows from operating activities Cash flows used for investing activities: 01 it. Cash dividends Cash received from sale of stock Cash paid for land ties Cash payments for expenses and supplies Cash received from customers Cash balance, December 31 Linda's Design Services Statement of Cash Flows For the Year Ended December 31 Cash flows from operating activities: DOS" Net cash flows from operating activities Cash flows used for investing activities: Cash flows from financing activities: 10 00 Quu. Cash received from sale of stock Cash paid for land Cash payments for expenses and supplies Cash received from customers Cash Dalance, December 31 Linda's Design Services Statement of Cash Flows For the Year Ended December 31 Cash flows from operating activities: Net cash flows from operating activities Cash flows used for investing activities: Cash flows from financing activities: 0 | ties Cash dividends Cash paid for land Cash payments for expenses and supplies Cash received from customers Linda's Design Services Statement of Cash Flows For the Year Ended December 31 Cash flows from operating activities: Net cash flows from operating activities Cash flows used for investing activities: Cash flows from financing activities: Net cash flows from financing activities Net increase in cash Net decrease in cash Linda's Design Services Statement of Cash Flows For the Year Ended December 31 Cash flows from operating activities: Net cash flows from operating activities Cash flows used for investing activities: Cash flows from financing activities: Net cash flows from financing activities Cash balance, January 1 Cash balance, December 31