Prepare a Statement of Cash Flows for the year ended June $30,2024.$ Assume all debt and interest are related to capital outlay. Assume the entire construction work in progress liability $($see item $3)$ was paid in entry $7.$ Include restricted assets as cash and cash equivalents.

Note: Deductions should be entered as a negative amount.

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TOWN OF WESTON

WATER UTILITY FUND

Statement of Cash Flows

For the Year Ended June $30,2024$

Cash Flows from Operating Activities:

Cash Received from Customers

$$1,531,800$

Cash Paid to Suppliers

$(903,100)$

$0$

Net Cash Provided by Operating Activities

$628,700$

Cash Flows from Noncapital Financing Activities:

Net Cash Provided from Capital and Related Financing Activities

$0$

Cash Flows from Capital and Related Financing Activities:

Interest Paid on Long$-$Term Debt

$(177,200)$

Decrease in Accounts Payables

$(222,000)$

$0$

Net Cash Provided from Capital and Related Financing Activities

$(399,200)$

Cash Flows from Investing Activities:

Net Cash Provided from Capital and Related Financing Activities

$0$

Net Increase in Cash and Cash Equivalents

$229,500$

Cash and Cash Equivalents Beginning of Year $0$

Cash and Cash Equivalents End of Year $$229,500$

Reconciliation of Operating Income to Net Cash Provided by Operating Activities:

$$0$

$1,531,800$

$(903,100)$

$0$

$0$

$0$

$0$

$0$

Net Cash Provided by Capital and Related Financing Activities

$$628,700$