eBook Show Me How Print Item Statement of Cash Flows A summary of cash flows for Sentinel Travel Service for the year ended August 31, 2019, follows: Cash receipts: Cash received from customers Cash received from additional investment of owner Cash payments: $734,000 36,000 Cash paid for operating expenses Cash paid for land Cash paid to owner for personal use 745,600 50,000 18,000 The cash balance as of September 1, 2018, was $89,000. Prepare a statement of cash flows for Sentinel Travel Service for the year ended August 31, 2019. Use the minus sign to indicate cash outflows, cash payments and decreases in cash. Sentinel Travel Service Statement of Cash Flows For the Year Ended August 31, 2019 Cash flows from operating activities: Cash receipt from customers V 734,000 V Cash payments for operating expenses 745,600 X Net cash flow used for operating activities 11.600 X Cash flows used for investing activities Statement of Cash Flows For the Year Ended August 31, 2019 Cash flows from operating activities: Cash receipt from customers Cash payments for operating expenses Net cash flow used for operating activities Cash flows used for investing activities: Cash payment for purchase of land Cash flows from financing activities: 734,000 745,600 X 11.600 X 50,000 X Cash receipt from owner as investment 36.000 V Cash withdrawals by owner 20,000 X Net cash flow from financing activities 18.000 V Net decrease in cash during year 45.600 X Cash as of September 1, 2018 89,000 Cash as of August 31, 2019. 43,400 X Feedback Check My Work Follow Example Exercise 1-7. Identify the sources of cash and determine the company's use of cash. Recall that there are three activity types of cash flows