Statement of Cash Flows Colorado Corporation was organized at the beginning of the year, with the investment of $259,500 in cash by Its stockholders. The company immediately purchased an office building for $305,700, paying $215,100 in cash and signing a three-year promissory note for the balance. Colorado signed a five-year, $60,000 promissory note at a local bank during the year and received cash in the same amount. During its first year, Colorado collected $94,770 from its customers. It paid $66,000 for inventory, $21,200 in salaries and wages, and another $4,000 in taxes. Colorado paid $6,400 in cash dividends. Required: 1. Prepare a statement of cash flows for the year. If your answer is zero, enter "0". Use the minus sign to indicate cash out flows, a decrease in cash or cash payments.