Statement of Cash Flows Colorado Corporation was organized at the beginning of the year, with the investment of $256,200 in cash by its stockholders. The company Immediately purchased an office bullding for $305,100, paying $219,700 in cash and signing a three-year promissory note for the balance. Calorado signed a five-year, $60,700 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 $66,200 for inventory, $20,800 in salaries and wages, and another $3,700 in taxes. Colorado paid $5,900 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. * Check My Wook The staternent of cash fows summarizes a company's operating, investing, and financing cash activities for a period. Operating activities are related to the primary purpose of a business. Investing activities are generally involved with the acquisition and sale of noncurrent assets. Financing activities are related to the acquisition and repayment of capital that funds the operations of the business