Looney Inc. was organized on July 1, Year 1. A summary of cash flows for July follows.

Line Item Description	Amount
Cash receipts:
Cash received from customers	$266,800
Cash received from issuance of common stock	46,000
Cash received from note payable	27,600
Cash payments:
Cash paid out for expenses	$151,800
Cash paid out for purchase of equipment	69,000
Cash paid as dividends	9,200

Prepare a statement of cash flows for the month ended July 31, Year 1. Use the minus sign to indicate cash outflows, decreases in cash, or cash payments. If your answer is zero enter "0".

Line Item Description	Amount	Amount
Cash flows from operating activities:
Cash paid for purchase of equipmentCash received from customersCash received from issuance of common stockCash payments for dividendsCash received from customers	$Cash received from customers
Cash dividends paid to stockholdersCash paid for expensesCash paid for purchase of equipmentCash received from issuance of common stockCash paid for expenses	Cash paid for expenses
Net cash flows from investing activitiesNet cash flows from operating activitiesNet cash used from financing activitiesNet increase in cash during the yearNet cash flows from operating activities		$Net cash flows from operating activities
Cash flows from investing activities:
Cash paid for expensesCash paid for purchase of equipmentCash received from issuance of common stockCash used for repayment of loan		- Select -
Cash flows from financing activities:
Cash paid for expensesCash paid for purchase of equipmentCash received from customersCash received from issuance of common stock	$- Select -
Cash paid for expensesCash paid for purchase of equipmentCash received from note payableCash received from customers	- Select -	blank
Cash paid as dividendsCash paid for expensesCash paid for purchase of equipmentCash received from customers	- Select -
Net cash flows from financing activitiesNet cash flows from investing activitiesNet cash used from operating activitiesNet decrease in cash during the year		- Select -
Cash flows from investing activities:Net increase in cashNet decrease in cashTotal revenue		$- Select -
Cash as of July 1Cash as of July 31Cash flows from financing activitiesCash flows from net income		- Select -
Cash as of July 1Cash as of July 31Cash flows from financing activitiesCash flows from net income		$- Select -