Below is a summary of all transactions of Dreamworks Bedding Supplies for the month of August 2021. $ 90,400 13,700 10,000 100 Cash Transactions Cash collections from Customers Sale of unused land Issuance of common stock Interest earned on savings account Cash payments for: Employee salaries Delivery truck Advertising expense Office supplies Repayment of borrowing Bedding material Noncash Transactions Sales to customers on account Purchase of materials on account Purchase equipment with promissory note to pay later (45,100) (30,500) (3,900) (1,800) (7,000) (20,000) 10,300 6,400 72,000 Prepare a statement of cash flows for the month of August, properly classifying each of the transactions into operating, investing. financing activities. The cash balance at the beginning of August is $6,300. (List cash outflows and decrease in cash as negative amounts.) DREAMWORKS BEDDING SUPPLIES Statement of Cash Flows DO 2 of 2 13 DREAMWORKS BEDDING SUPPLIES Statement of Cash Flows For the month ended August 31, 2021 Cash Flows from Operating Activities Cash Inflows: 1:27:35 Book Cash outflows: For salaries erences For advertising For office supplies (45,100) (3,900) (1,800) (20,000) For bedding material $ Net cash flows from operating activities Cash Flows from Investing Activities (70,800) Sale of unused land 13,700 Purchase of delivery truck (30,500) Mc Graw Hill