A summary of cash flows for Up-in-the-Air Travel Service for the year ended April 30, 20Y7, follows:

Cash Flows
Cash receipts:
Cash received from customers	$1,803,000
Cash received from additional investment of owner	52,000
Cash payments:
Cash paid for operating expenses	1,479,000
Cash paid for land	347,000
Cash paid to owner for personal use	34,000

Prepare a statement of cash flows for Up-in-the-Air Travel Service for the year ended April 30, 20Y7. Be sure to complete the statement heading. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. 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.

Up-in-the-Air Travel Service

Statement of Cash Flows

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The cash balance as of May 1, 20Y6, was $175,000.

Prepare a statement of cash flows for Up-in-the-Air Travel Service for the year ended April 30, 20Y7. Be sure to complete the statement heading. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. 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.