Statement of cash flows A summary of cash flows for A-One Travel Service for the year ended August 31, 20Y6, 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, 2015, was $59,500. Prepare a statement of cash flows for A-One Travel Service for the year ended August 31, 2016. 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, 2016 Line Item Description 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 paid for purchase of land Cash flows from (used for) financing activities: Cash received from issuing common stock Cash paid for dividends Net cash flows used for financing activities Amount Amount 1,125,000 -815,000 310,000 -150,000 15,000 -50,000 x Net increase in cash V Cash balance, September 1, 2015 Cash balance, August 31, 2016 Feedback 59,500 184,500