eBook Show Me How Cash received from customers $880,000 Cash received from issuing common stock 40,000 Cash payments: Cash paid for operating expenses 758,000 Cash paid for land Cash paid as dividends 150,000 10,000 The cash balance as of June 1, 2015, was $50,000. Prepare a statement of cash flows for Paradise Travel Service for the year ended May 31, 2016. Use the minus sign to indicate cash outflows, cash payments and decreases in cash Paradise Travel Service Statement of Cash Flows For the Year Ended May 31, 2016 Cash flows from (used for) operating activities: Cash flows from (used for) investing activities Cash flows from (used for) financing activities Cash balance, June 1, 2015 Cash balance, May 31, 2016: 00 00 0000 00 Previous Statement of Cash Flows A summary of cash flows for Paradise Travel Service for the year ended May 31, 2016, follows: Cash receipts: Cash received from customers $880,000 Cash received from issuing common stock 40,000 Cash payments: Cash paid for operating expenses Cash paid for land Cash paid as dividends 758,000 150,000 10,000 The cash balance as of June 1, 2015, was $50,000. Prepare a statement of cash flows for Paradise Travel Service for the year ended May 31, 2016. Use the minus sign to indicate cash outflows, cash payments and decreases in cash Paradise Travel Service Statement of Cash Flows For the Year Ended May 31, 2016 Cash flows from (used) operating activities: Cash flows from (used for) investing activities Cash flows from (used for) financing activities 00 00 00 00