On January 1, 2018, Jana started a small flower merchandising business that she named Janas Flowers. The company experienced the following events during the first year of operation:

Started the business by issuing common stock for $30,000 cash.

Paid $19,000 cash to purchase inventory.

Sold merchandise that cost $10,000 for $21,000 on account.

Collected $16,000 cash from accounts receivable.

Paid $3,750 for operating expenses.

Prepare a statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.)

JANA'S FLOWERS
Statement of Cash Flows
For the Year Ending December 31, 2018
Cash flows from operating activities
Inflow from customers
Outflow for inventory
Outflow for expenses
Net cash flow from operating activities
Cash flows from investing activities		0
Cash flows from financing activities
Cash inflow from stock issue	30,000
Net cash flows from financing activities
Net change in cash
Plus: Beginning cash balance
Ending cash balance