EX 1-24 Statement of cash flows OBJ.5 A summary of cash flows for Ethos Consulting Group for the year ended May 31, 20Y6, follows: Cash receipts: Cash received from customers $637,500 Cash received from additional investment of owner 62,500 Cash payments: Cash paid for operating expenses 475,000 Cash paid for land 90,000 Cash paid to owner for personal use 17.500 The cash balance as of June 1, 2045, was $58,000. Prepare a statement of cash flows for Ethos Consulting Group for the year ended May 31, 20Y6. Pasta Ex 1-24 Ethos Consulting Group Statement of Cash Flows For the Year Ended May 31, 2016 Cash flows from (used for) operating activities: Net Cash flows from operating activities Cash flows from (used for) investing activities: Net Cash flows from investing activities Cash flows from (used for) financing activities: Net Cash flows from financing activities Net increase / decrease in cash Cash balance, June 1, 2045 Cash balance, May 31, 20Y6