ALL I NEED IS THE OUTFLOW FOR EXPENSES, THIS IS THE ONE WITH THE RED X. GIVE ME STEP BY STEP HOW TO DO IT

The following events apply to Paradise Vacations's first year of operations: 1. Acquired $37,000 cash from the issue of common stock on January 1 , Year 1. 2. Purchased $1,650 of supplies on account. 3. Paid $6,240 cash in advance for a one-year lease on office space. 4. Earned $45,350 of revenue on account. 5. Incurred $15,050 of other operating expenses on account. 6. Collected $32,500 cash from accounts receivable. 7. Paid $9,850 cash on accounts payable. 8. Paid a $4,700 cash dividend to the stockholders. Information for Adjusting Entries 9. There was $320 of supplies on hand at the end of the accounting period. 10. The lease on the office space covered a one-year period beginning November 1 . 11. There was $5,300 of accrued salaries at the end of the period. d4. Prepare a statement of cash flows. PARADISE VACATIONS Statement of Cash Flows For the Year ended December 31, Year 1 Cash flows from operating activities