Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information. Within each section of the statement, use the drop-down menus to enter the accounts. Then enter the account balances and calculate ending balances. Enter decreases in cash with a minus sign or parentheses. Cash balance, December 1, 2016 is $18,600 Transactions Dec. 1 The owner contributed an additional $8,000 cash to the business in exchange for capital. 7 Purchased equipment for $1,900 on account. 14 Paid $20,000 cash for land. 17 Paid cash expenses: office rent, $1,500; employees' salaries, $1,400; utilities, 5300. 23 The owner withdrew $2,600, 26 Earned service revenue for the month, $4,800, receiving cash. SMART TOUCH LEARNING Statement of Cash Flows Month Ended December 31, 2016 Cash flows from operating activities Receipts: Collections from customers 4800 Payments: For rent (1500) For salaries (1400) For utilities (300) (3200) Net cash provided (used) by operating activities 1600 Cash flows from investing activities Acquisition of Land (20000) Net cash provided (used) by investing activities (20000) Cash flows from financing activities Owne contribution 8000 Owner withdrawal (2600) Net cash provided (used) by Firanding activities 5400 Net increase (decrease in cash 13200 Cash balance, December 1, 2016 18600 Owner contribution 8000 Owner withdrawal (2600) Net cash provided (used) by financing activities 5400 Net increase (decrease) in cash 13200 Cash balance, December 1, 2016 18600 Cash balance, December 31, 2016 13200