Statement of Cash Flows

A summary of cash flows for Ethos Consulting Group for the year ended May 31, 20Y6, follows:

Cash receipts:

Cash received from customers$637,500

Cash received from additional investment of owner62,500

Cash payments:

Cash paid for operating expenses475,000

Cash paid for land90,000

Cash paid to owner for personal use17,500

The cash balance as of June 1, 20Y5, was $58,000.

Prepare a statement of cash flows for Ethos Consulting Group for the year ended May 31, 20Y6. Use the minus sign to indicate cash outflows, cash payments and decreases in cash.

Ethos Consulting Group

Statement of Cash Flows

For the Year Ended May 31, 20Y6

Cash flows from (used for) operating activities:

$fill in the blank 2

fill in the blank 4

$fill in the blank 6

Cash flows from (used for) investing activities:

fill in the blank 8

Cash flows from (used for) financing activities:

$fill in the blank 10

fill in the blank 12

fill in the blank 14

$fill in the blank 16

Cash balance, June 1, 20Y5fill in the blank 17

Cash balance, May 31, 20Y6$fill in the blank 18