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

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Cash flows from financing activities Cash flows from operating activities Cash flows from investing activities For the Year Ended August 31, 2016 Amount Descriptions Cash as of August 31, 2016 Cash as of September 1, 2015 Net cash flows from financing activities Net cash flows from investing activities Net cash flows from operating activities Net cash flows used for financing activities Net cash flows used for investing activities Net cash flows used for operating activities Net decrease in cash during year Net increase in cash during year