Statement of Cash Flows Month Ended December 31, 2015 Cash flows from Operating activities Receipts: Collections from customers 5100 Payments. For rent -1500 For salanes -1500 For utilities -300 -330D Net cash provided (used) by operating activities 1800 Cash flows from investing activities Acquisition of Land -20000 Net cash provided (used) by investing activities Cash flows from financing activities Owner contribution 81000 Owner withdrawal Net cash provided (used) by financing activities Net increase (decrease in cash Cash balance, December 1, 2016 Cash balance, December 31, 2016 Cash balance, December 1, 2016 is $18,300 Transactions Dec. 1 The owner contributed an additional $8,000 cash to the business in exchange for capital. 7 Purchased equipment for $1,900 on account. 14 Paid $20,000 cash for land. 17 Paid cash expenses: office rent, $1,500; employees' salaries, $1,500; utilities, $300. 23 The owner withdrew $2,600. 26 Earned service revenue for the month, $5,100, receiving cash