Prepare the statement of cash flows for the Year 1 accounting period. outflows with a minus sign.) LIFE, INC. Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities: Cash receipt from revenue Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Net change in cash Ending cash balance $ 26,000 $ 26,000 26,000 $ 26,000