Statement of cash flows

A summary of cash flows for A$-$One Travel Service for the year ended August $31,20$Y$6,$ follows:

Cash receipts:

Cash received from customers

$$1,125,000$

Cash received from issuing common stock

$15,000$

Cash payments:

Cash paid for operating expenses

$815,000$

Cash paid for land

$150,000$

Cash paid as dividends

$50,000$

The cash balance as of September $1,20Y5,$ was $$59,500.$

Prepare a statement of cash flows for A$-$One Travel Service for the year ended August $31,20$Y$6.$ Use the minus sign to indicate

cash outflows, cash payments and decreases in cash.

A$-$One Travel Service

Statement of Cash Flows

For the Year Ended August $31,20$ Y$6$

Line Item Description

Amount

Amount

Cash flows from $($used for$)$ operating activities:

Cash received from customers

Cash paid for operating expenses

Net cash flows from operating activities

Cash flows from $($used for$)$ Investing activities:

Cash flows from $($used for$)$ financing activities:

Cash received from issuing common stock

Cash paid for dividends

Net cash flows used for financing activities

Cash balance, September $1,20$ Y$5$

Cash balance, August $31,20$ Y $6$

$$1,125,000-815,000$

$

$

$3$