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Need help to figure this out ment Print View Award: 15.00 points An inexperienced accountant for Prestwick Company prepared the following income statement for the

Need help to figure this out

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ment Print View Award: 15.00 points An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August, current year. PRESTWICK COMPANY AUGUST 31, CURRENT YEAR Revenues: Services provided to customers 12,000 Investment by stockholders 3,000 Loan from bank 15,000 30,000 Expenses: Payments to long-term creditors $ 13,000 Expenses required to provide services to customers 9,200 Purchase of land 17,000 39,200 Net income $ 9,200 Based on the information prepare a statement of cash flows in a form consistent with generally accepted accounting principles. You may assume all transactions were in cash and that the beginning cash balance was $15,200. (List any deduction in cash and cash outflows as negative amounts.)

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