D'Lite Dry Cleaners is owned and operated by Joel Palk. A building and equipment are currently being rented, pending expansion to new facilities. The actual work of dry cleaning is done by another company at wholesale rates. Theassets,liabilities, and common stock of thebusinesson July 1, 2018, are as follows: Cash, $45,000;Accounts Receivable, $93,000; Supplies, $7,000; Land, $75,000;Accounts Payable, $40,000; Common Stock, $60,000.Business transactionsduring July are summarized as follows:

A.Joel Palk invested additional cash in exchange for common stock with a deposit of $35,000 in the business bank account.B.Paid $50,000 for the purchase of land adjacent to land currently owned by D'Lite Dry Cleaners as a future building site.C.Received cash from cash customers for dry cleaning revenue, $32,125.D.Paid rent for the month, $6,000.E.Purchased supplies on account, $2,500.F.Paid creditors on account, $22,800.G.Charged customers for dry cleaning revenue on account, $84,750.H.Received monthly invoice for dry cleaning expense for July (to be paid on August 10), $29,500.I.Paid the following: wages expense, $7,500; truck expense, $2,500; utilities expense, $1,300; miscellaneous expense, $2,700.J.Received cash from customers on account, $88,000.K.Determined that the cost of supplies on hand was $5,900; therefore, the cost of supplies used during the month was $3,600.L.Paid dividends, $12,000.

Show thestatement of cash flowsfor July. Enter amounts that represent cash outflows as negative numbers using a minus sign.