Revise your Statement of Cash Flows based on the new information provided below and then answer the questions that follow.

Beginning cash balance	$	22,000	Issuance of Common Stock for cash	$	17,200
Collections from customers		176,400	Payment of office rent		33,600
Sale of building for cash		72,000	Payment of dividends		12,200
Bank borrowing		67,500	Payment of salaries		56,400
Sales to customers on account		203,700	Payment of advertising expense		21,000
Purchase of materials on account		129,200	Purchase of equipment for cash		16,100
Purchase of equipment with a promissory note to pay later		45,500	Payment for materials		192,200

Required: 1. What is the Cash balance at the end of the year?

2. What is the Net operating cash flows? (Negative values should be indicated with a minus sign.)

3. What is the Net investing cash flows? (Negative values should be indicated with a minus sign.)

4. What is the Net financing cash flows? (Negative values should be indicated with a minus sign.)

5. What was the signficant difference between the preparation of this Statement of Cash Flows and the one completed in Part 1?

• There was no significant difference between the two.

• The information provided included non-cash transactions which are not inlcuded on the Statement of Cash Flows.

• The Statement of Cash Flows could not be completed based on the information provided.