QS $1-18($Algo$)$ Preparing a statement of cash flows LO P$2$

Use the following information to prepare a statement of cash flows for Studio One for the month ended December $31.$ The cash

balance at the start of December $1$ was $$3,200.$

Note: Amounts to be deducted should be indicated by a minus sign.

Neros Income Statement Data

Neros Revenue Accounts

Neros Expense Accounts

Using income statement data for Neros, prepare a December income statement dated December $31$

If Neros pays a cash dividend to its sole stockholder to pay for a family vacation, how is this reported on the financial statements?

If the sole stockholder of Neros invests cash into the business, how is this reported on the financial statements?

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Req $1$

Req $2$ and $3$

Using income statement data for Neros, prepare a December income statement dated December $31.$