EXERCISE 2.14 Statement of Cash Flows LO2-6 On the basis of the information for Prestwick Company in Exercise 2.13. prepare a statement of cash flows in a form consistent with generally accepted accounting principles. You may assume all transactions were in cash and that the beginning cash balance was $7.200. Exercise 2.14 Instructions: Use the dropdown arrows to help you determine the correct line items within the statement of cash flows. PRESTWICK COMPANY Statement of Cash Flows For the Month Ended August 31, Current Year Cash flows from operating activities: Net cash provided by operating activities Cash flow from investing activities: \begin{tabular}{|l|l|l|} \hline Net cash provided (used) by investing activities \\ \hline Cash flows from financing activities: \\ \hline \\ \hline Net cash provided (used) by financing activities & \\ \hline Increase in cash & & \\ \hline Cash balance, August 1, Current Year & \\ \hline Cash balance, August 31, Current Year & \\ \hline \end{tabular} EXERCISE 2.13 Income Statement LO2-5 An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August, current year. Prepare a revised income statement in accordance with generally accepted accounting principles. EXERCISE 2.14 Statement of Cash Flows LO2-6 On the basis of the information for Prestwick Company in Exercise 2.13. prepare a statement of cash flows in a form consistent with generally accepted accounting principles. You may assume all transactions were in cash and that the beginning cash balance was $7,200