A summary of cash flows for Macarthur Travel Service for the year ended May 31, 20Y4, is shown below. Cash receipts: Cash received from customers $290,300 Cash received from additional investment of owner 23,200 Cash payments: Cash paid for operating expenses 243,850 Cash paid for land 47,800 Cash paid to owner for personal use 4,200 The cash balance as of June 1, 20Y3, was $86,380. Prepare a statement of cash flows for Macarthur Travel Service for the year ended May 31, 20Y4. Use the minus sign to indicate cash outflows, cash payments and decreases in cash. Macarthur Travel Service Statement of Cash Flows For the Year Ended May 31, 20Y4 Cash flows from (used for) operating activities: Cash received from customers -- answer Cash paid for operating expenses -- answer Net cash flows from operating activities -- answer Cash flows from (used for) investing activities -- answer Cash paid for purchase of land -- answer Cash flows from (used for) financing activities: Cash received from owner as investment -- answer Cash withdrawals by owner -- answer Net cash flows from financing activities -- answer Net increase in cash during year -- answer Cash balance, June 1, 20Y3 -- answer Cash balance, May 31, 20Y4