Prepare for the statement of cash flows for this information:

1 JE DATE DEBIT CREDI 29,400 2 1/02/X 1 37.000 10.000 6 698,500 88.000 34,900 243, 150 100,400 234, 130 48,400 30.105 8,940 72,300 101 5 767.000 696,500 4 1/08/X1 44,500 6,357 35,000 10.000 3 1/04/X1 3,000 00 8 34.900 ACCT ACCOUNT NAME Column 1 101 CASH 101 CASH 101 CASH 101 CASH 101 CASH 101 CASH 101 CASH 101 CASH 101 CASH 101 CASH CASH 101 CASH 101 CASH 105 ACCOUNTS RECEIVABLE 105 ACCOUNTS RECEIVABLE 171 EQUIPMENT 172 EQUIPMENT-ACCUMULATED DEPRECIATION 197 LICENSE 107 LICENSE 197 LICENSE 217 START-UP COSTS 217 START-UP COSTS 302 ACCTS PAY-SUPPLIERS-OTHER COSTS 302 ACCTS PAY-SUPPLIERS-OTHER COSTS 302 ACCTS PAY-SUPPLIERS-OTHER COSTS 303 ACCTS PAY-EQUIPMENT ACQUISITION 303 ACCTS PAY-EQUIPMENT ACQUISITION 314 INCOME TAX PAYABLE 461 CAPITAL STOCK-COMMON 461 CAPITAL STOCK-COMMON 505 SERVICE REVENUE FROM CONTRACTS WITH CUSTOMERS 552 SERVICE COSTS-DIRECT-LEASE EXPENSE-TRUCKS 553 SERVICE COSTS-DIRECT-FUEL 560 SERVICE COSTS-DIRECT-CREW WAGES 561 SERVICE COSTS-INDIRECT-SHOP WAGES 562 SERVICE COSTS-INDIRECT-SHOP UTILITIES 563 SERVICE COSTS-INDIRECT-LEASE EXPENSE-SHOP BLDG 564 SERVICE COSTS-INDIRECT-SUPPLIES 601 SELLING & ADMIN-UTILITIES 602 SELLING & ADMIN-LEASE EXPENSE-OFFICE BLDG 807 SELLING & ADMIN-SUPPLIES 609 SELLING & ADMIN-PROFESSIONAL FEES 610 SELLING & ADMIN-INSURANCE 811 SELLING & ADMIN-OFFICERS SALARIES 6,980 10,000 13,960 3.900 44,500 13 44.500 1.738 72.000 88,000 767.000 16 14 11 10 15 1 12 1/02/X1 72.300 30.105 234.130 100,400 7,450 24,500 13.980 1.490 4.900 5.530 5.250 4.900 140.000 9 D 9 811 612 615 631 704 710 711 821 19 18 17 20 12/31/X1 12/31/X1 12/31/X1 12/31/X1 SELLING & ADMIN-OFFICERS SALARIES 140.000 SELLING & ADMIN-OTHER SALARIES 52 200 SELLING & ADMIN-PAYROLL AND OTHER TAXES 38,450 SELLING & ADMINISTRATIVE-OTHER 6.820 EQUIPMENT DEPRECIATION 6.357 AMORTIZATION OF LICENSING COSTS 3.000 AMORTIZATION OF START-UP COSTS 6.980 INCOME TAX EXPENSE 1.738 To accrue depreciation expense on shop equipment. To record accrual and payment of crew wages To record accrual and payment of S&A expenses. To record accrual and payment of shop wages. To record accrual and payment of utility expense. To record amortization of licensing costs. To record amortization of start-up costs. To record cash payment for license agreement. To record income tax expense for 20X1. To record issuance of common stock for cash and license agreement. To record issue of common shares at par. To record maintenance trucks rental payment. To record payment and allocation of rental expense for the shop and office. To record payment of start-up costs of training new employees. To record payments on account for equipment and for shop supplies inventory. To record payments received on account. To record purchase and payment of truck fuel. To record purchase of shop equipment. To record purchase of shop supplies on account. To record revenue from maintenance contracts. Totals 2,521.760 2.521.700