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Independent Practice A summary of cash flows for Chickadee Travel Service for the year ended April 30, 2016, follows: Cash receipts: Cash received from customers.....

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Independent Practice A summary of cash flows for Chickadee Travel Service for the year ended April 30, 2016, follows: Cash receipts: Cash received from customers..... .... $251,000 Cash received from issuing common stock 50,000 Cash payments: Cash paid for expenses....... 210,000 Cash paid for land... 80,000 Cash paid as dividends... 30,000 The cash balance as of May 1, 2015, was $72,050. Prepare a statement of cash flows for Chickadee Travel Service for the year ended April 30, 2016

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