Background Information:

a) Donald Duck and Friends started their company when they issued 3,000 shares of $8 par value stock on January 1,2018

b) The stock issued at a market price of $13 per share

c) During the year, Donald Duck and Friends had revenue of $43,000

d) Donald Duck and Friends paid cash for $18,000 in expenses

e) Donald Duck and Friends paid a cash Dividend of $25,000

43 C) Prepare the statement of cash flows Donald and Friends Statement of Cash Flows As of December 31, 2018 49 Cash flows from operating Activities 50 Cash Receipt from Revenue 51 Paid for Expenses Hint: This is from transaction C Hint: This is from transaction D 53 Net Cash flow from operating Activities 54 Cash flows from investing activities 55 Cash flows from financing activities 56 Proceeds from issue of stock 57 Paid for Dividends 58 Net Cash flow from financing activities 59 Net Change in Cash 60 Plus: Beginning Cash Balance 61 Ending Cash Balance Hint: This is from transaction A/B Hint: This is from transacton E $