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 Cash payments: Cash paid for expenses Cash paid for land Cash paid for supplies Dividends $86,300 23,100 $27,700 46,900 380 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: Cash received from customers Cash payments for expenses and supplies Net cash flows from operating activities Cash flows used for investing activities: Check My Work $ 86,300 X $ 58,220 Previous All work saved. Email Instructor Submit Test