Maindolinvoker-assignments&takeAssignmentSessionlocator-assignment-take&inprogress-false eBook Calculator Instructions Statement of Cash Flows Instructions 1. Prepare a statement of cash flows based on the transactions reported. Use a minus sign to indicate cash outflows, cash payments or decreases in cash. Bob Jacobs opened an advertising agency. The following transactions occurred during January of the current year a. Invested cash in the business, $5,000. b. Purchased office equipment. Paid $2,500 cash and agreed to pay the balance of $2,000 in four monthly installments c. Paid office rent, $400. d. Received cash for services rendered, $700. e. Paid phone bill, $95. f. Received cash for services rendered, $600. g. Made payment on loan in transaction (b), $500. h. Paid wages to part-time employee, $800. 1. Paid electricity bill, $100. . Withdrew cash for personal use, $500. k. Paid wages to part-time employee, $600. Pr Check My Work