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

Inglis City had a beginning cash balance in its enterprise fund of $895,635. During 2017, the following transactions occurred:

1.	Interest received on investments totaled $42,400.
2.	The city acquired additional equity investments totaling $75,000.
3.	A grant was received from the state in the amount of $50,000 for summer interns.
4.	Receipts from sales of goods or services totaled $2,915,500.
5.	Payments for supplies were made in the amount of $1,642,100.
6.	Payments to employees for salaries amounted to $479,300.
7.	Equipment was sold for $57,500. It had a book value of $56,625.
8.	$25,000 was transferred to the General Fund.
9.	Other cash expenses for operations were $89,200.
10.	Long-term debt payments totaled $525,000.

Required

Prepare a statement of cash flows for the Inglis City enterprise fund.

Can you provide the reconciliation of operating income to net cash provided by operating activities