STATEMENT OF CASH FLOW EXAMPLE PROBLEM JHJ Bookstore first year's transactions are listed below: 1. Contributed cash of $200 to begin business 2. Purchased inventory on account for $2.000 3. Cash sales were $1,200 with cost of sales $600 4. Sales on account were $800 with cost of sales $400 5. Purchased supplies paying cash of 100 6. Paid salaries of 200 7. Purchased equipment costing $600 paying cash of $200 and signing a long-term note for the balance 8. Paid on account payable $700 9. Collections of account receivable $500 10. Paid on long-term note $200 11. Paid dividends of $100 12. Supplies on hand at end of year $50 13. Depreciation expense was $100 14. Sold equipment costing $250 for $100 REQUIRED: Prepare statement of cash flow