PRESTWICK COMPANY

AUGUST $31,$ CURRENT YEAR

Revenues:

Services provided to customers

Investment by stockholders

Loan from bank

Expenses:

Payments to long$-$term creditors

Expenses required to provide services to customers

Purchase of land

Net loss

Based on the information prepare a statement of cash flows in a form consistent with generally accepted accounting principles. You may assume all transactions were in cash and that the beginning cash balance was $$16,200.$

Note: List any deduction in cash and cash outflows with a minus sign.

$\backslash$table$[[$PRESTWICK COMPANY$],[$Statement of Cash Flows$],[$For the Month Ended August $31,$ Current Year,$],[$Cash flows from operating activities:,$],[$Cash received from revenues,$],[$Cash paid for expenses,$]]$