Chapter 4 - Internal Controls & Cash 6 20 points eBook Print Below is a summary of all transactions of Toscalini Manufacturing for the month of August 2024. cash collections from: Customers Cash Transactions sale of unused warehouse Bank borrowing. Cash payments for: Employee salaries office rent Manufacturing equipment office utilities Dividends to stockholders. Materials to make toys $ 93,300 35,800 25,800 (65, 100) (18,800) (45,600) (11,600) (6,300) (27,500) Saved Noncash Transactions Sales to customers on account References Purchase of materials on account Purchase equipment with promissory note to pay later Required: 16, 200 13,700 18,300 Prepare a statement of cash flows for the month of August 2024, properly classifying each of the transactions into operating, investing. and financing activities. The cash balance at the beginning of August is $25,300. (List cash outflows and decrease in cash as negative amounts.) TOSCALINI MANUFACTURING Statement of Cash Flows For the Month Ended August 31, 2024 Cash Flows from Operating Activities 1 Cash inflows: From customers Cash outflows For salaries For office rent For office ublities For matenals to make toys Net cash flows from operating activities Cash Flows from Investing Activites Sale of unused warehouse Purchase of manufacturing equipment 0 Chapter 4 Internal Controls & Cash 20 6 points Saved Prepare a statement of cash flows for the month of August 2024, property classifying each of the transactions into operating, Investin and financing activities. The cash balance at the beginning of August is $25,300. (List cash outflows and decrease in cash as negative amounts.) TOSCALINI MANUFACTURING Statement of Cash Flows For the Month Ended August 31, 2024 Cash Flows from Operating Activites Cash intows eBook From customers Print Cash outflows For salaries References For office rent For office utilities For materials to make toys Net cash flows from operating activities Cash Flows from Investing Activities Sale of unused warehouse Purchase of manufacturing equipment Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activites Cash at the beginning of the month Cash at the end of the month $ 0 0 0 $ 0