A summary of cash flows for Sentinel Travel Service for the year ended August 31, 2016, follows. The cash balance as of September 1, 2015, was $89,000.

Cash flows
Cash receipts:
Cash received from customers	$734,000
Cash received from additional investment of owner	36,000
Cash payments:
Cash paid for operating expenses	745,600
Cash paid for land	50,000
Cash paid to owner for personal use	18,000

Prepare a statement of cash flows for Sentinel Travel Service for the year ended August 31, 2016. Refer to the cash receipts and cash payments information given in the exercises and 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. A colon (:) and the word Deduct will automatically appear if they are required. Enter amounts that represent cash outflows as negative numbers using a minus sign.