A summary of cash flows for Ousel Travel Service for the year ended November 30, 2016, follows. The cash balance as of December 1, 2015, was $246,000.

Cash Flows
Cash receipts:
Cash received from customers	$1,486,000
Cash received from additional investment of owner	37,000
Cash payments:
Cash paid for operating expenses	1,219,000
Cash paid for land	178,000
Cash paid to owner for personal use	27,000