mework-Chapter 1 01.01 ALGO 01.02.ALGO Statement of Cash Flows Show f A summary of cash flows for Macarthur Travel Service for the year ended May 31, 2014, is shown below. Cash receipts 01.038 E01.04 ALGO E.01.05 ALGO PE.01.06.ALGO PE01.07 ALGO PE.01.088 Cash received from customers Cash received from additional investment of owner $287,580 20,100 Cash payments Cash paid for operating expenses 227,190 62,200 3,200 Cash paid for land Cash paid to owner for personal use The cash balance as of June 1, 2013, was $97,280. Prepare a statement of cash flows for Macarthur Travel Service for the year ended May 31, 2014. Use the minus sign to indicate cash outflows, cash payments and decreases in cash. Macarthur Travel Service Statement of Cash Flows For the Year Ended May 31, 2014 Cash flows from (used for) operating activities: Cash flows from (used for) Investing activities Check My Work Progress: 7/8 items 00 Previous Next Copy HWK 1 arren, 019).pdf