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Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021. Accounts Payable $164,000 Accounts Receivable 34,000 Cash (balance on September

Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021.

Accounts Payable $164,000
Accounts Receivable 34,000
Cash (balance on September 1, 2020) 94,000
Cash (balance on August 31, 2021) 119,000
Common Stock 100,000
Dividends 11,000
Equipment 774,000
Notes Payable 49,000
Office Expense 190,000
Prepaid Rent 81,000
Retained Earnings (beginning) 429,000
Salaries and Wages Expense 1,050,000
Salaries and Wages Payable 189,000
Sales Revenue 2,004,000
Supplies 51,000
Utilities Expense 625,000

Other cash flow information:
Additional investments by stockholders $ 55,000
Cash paid to purchase equipment 63,000
Cash paid to suppliers and employees 1,544,000
Repayments of borrowings 174,000
Cash received from customers 1,756,000
Cash received from borrowings 6,000
Dividends paid in cash 11,000

Prepare a statement of cash flows for the fiscal year ended August 31, 2021. (Cash outflows should be entered as negative amounts.)

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