Fleet Limousine Service Inc. began operations in late March 2019. At the end of 2019, the following balance sheet was prepared for Fleet.

Fleet Limousine Service Inc.

Balance Sheet

December 31, 2019

1	ASSETS
2	Current assets:
3	Cash	$7,200.00
4	Accounts receivable	15,900.00
5	Supplies	3,100.00
6	Total current assets		$26,200.00
7	Long-term investments		15,000.00
8	Property, plant, and equipment:
9	Land	$11,000.00
10	Building	175,000.00
11	Equipment	233,400.00
12		$419,400.00
13	Accumulated depreciation	(35,500.00)
14	Net property, plant, and equipment		383,900.00
15	Total assets		$425,100.00
16	LIABILITIES AND EQUITY
17	Current liabilities:
18	Accounts payable	$12,700.00
19	Unearned service revenue	21,800.00
20	Salaries payable	4,600.00
21	Rent payable	8,200.00
22	Total current liabilities		$47,300.00
23	Long-term liabilities:
24	Notes payable		95,000.00
25	Total liabilities		$142,300.00
26	Equity:
27	Common stock	$300,000.00
28	Retained earnings	(17,200.00)
29	Total equity		282,800.00
30	Total liabilities and equity		$425,100.00

Additional Information:

1.	During 2019, land was purchased for $11,000, a building was purchased for $175,000, and equipment was purchased for $233,400.
2.	Depreciation expense for 2019 was $35,500.
3.	The long-term note was issued for $100,000, and a principal payment of $5,000 was made during 2019.
4.	Common stock was issued for $300,000 cash during 2019.
5.	During 2019, there was a net loss of $17,200, and no dividends were paid.

	Required:
	Prepare a statement of cash flows for 2019. Assume Fleet Limousine uses the indirect method.

Labels and Amount Descriptions

Labels
Cash flows from financing activities
Cash flows from investing activities
Cash flows from operating activities
December 31, 2019
For the year ended December 31, 2019
Amount Descriptions
Cash, 1/1/2019
Cash, 12/31/2019
Decrease in accounts payable
Decrease in accounts receivable
Decrease in rent payable
Decrease in salaries payable
Decrease in supplies
Decrease in unearned service revenue
Depreciation expense
Increase in accounts payable
Increase in accounts receivable
Increase in rent payable
Increase in salaries payable
Increase in supplies
Increase in unearned service revenue
Issuance of common stock
Net cash provided by financing activities
Net cash provided by investing activities
Net cash provided by operating activities
Net cash used for financing activities
Net cash used for investing activities
Net cash used for operating activities
Net decrease in cash
Net income
Net increase in cash
Net loss
Payment on notes payable
Proceeds from issuance of long-term note payable
Purchase of building
Purchase of equipment
Purchase of investments
Purchase of land