E7-23 Enterprise Fund Statement of Cash Flows [LO 7-5]

Inglis City had a beginning cash balance in its enterprise fund of $894,365. During 2017, the following transactions occurred:

1.Interest received on investments totaled $42,360.2.The city acquired additional equity investments totaling $73,800.3.A grant was received from the state in the amount of $49,100 for summer interns.4.Receipts from sales of goods or services totaled $2,862,900.5.Payments for supplies were made in the amount of $1,612,600.6.Payments to employees for salaries amounted to $470,800.7.Equipment was sold for $56,400. It had a book value of $55,405.8.$24,600 was transferred to the General Fund.9.Other cash expenses for operations were $87,900.10.Long-term debt payments totaled $517,500.

Required Prepare a statement of cash flows for the Inglis City enterprise fund.(Negative amounts should be indicated by a minus sign.)

Cash Flows from Operating Activities: Cash Received from Customers Cash Paid To: Net Cash Provided by Nencapltal Financmg Activities Cash Flows from Capital Financing Activities: Net Cash Used by Capital Financing Activities Cash Flows from Investing Activities: Net Cash Provided by Investing Activities Net Increase in Cash and Cash Equivalents Cash and Cash Equivalents, \"\"201? Cash and Cash Equivalents, 12f31l201