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b-4. Prepare the statement of cash flows for the Year 1 accounting period. Note: Amounts to be deducted and cash outflows should be indicated with
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b-4. Prepare the statement of cash flows for the Year 1 accounting period. Note: Amounts to be deducted and cash outflows should be indicated with a minus sign. MILEA INCORPORATED Statement of Cash Flowc For the Year Ended December 21, Year 1 Cash flow from operating activities Net cash flow from operating activities $ Cash flow from investing activities Cash flow from financing activities Net cash flow from financing activities Not change in cash Ending cash balance 0 $ D Required Information [The following information applies to the questions displayed below] Miles Incorporated experienced the following events in Year 1. Its first year of operations: 1. Received $16,000 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,350. 4 Collected $30,160 of the accounts receivable. 5. Recorded $9,650 of accrued salaries at the end of the year. 6. Paid a $1,000 cash dividend to the stockholders
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