Statement of cash flows

A summary of cash flows for Parker Consulting Group for the year ended January $31,20$Y$4,$ follows:

Cash receipts:

Line Item Description Amount

Cash received from customers $$336,400$

Cash received from issuing common stock $58,000$

Cash payments:

Line Item Description Amount

Cash paid for operating expenses $191,400$

Cash paid for land $87,000$

Cash paid for dividends $11,600$

The cash balance as of February $1,20$Y$3,$ was $$36,000.$

Prepare a statement of cash flows for Parker Consulting Group for the year ended January $31,20$Y$4.$ Use the minus sign to indicate cash outflows, cash payments and decreases in cash.

Parker Consulting Group

Statement of Cash Flows

For the Year Ended January $31,20$Y$4$

Line Item Description Amount Amount

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

Cash received from customers

$Cash received from customers

$336,400$

Cash paid for operating expenses

Cash paid for operating expenses

Net cash flows from operating activities

Net cash flows from operating activities

$145,000$

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

Cash paid for purchase of land

Cash paid for purchase of land

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

Cash received from issuing common stock

$Cash received from issuing common stock

Cash paid for dividends

Cash paid for dividends

Net cash flows from financing activities

Net cash flows from financing activities

Net increase in cash

Net increase in cas

Cash balance, February $1,20$Y$3$ Cash balance, February $1,20$

Cash balance, January $31,20$Y$4$