The following events apply to Paradise Vacationss first year of operations:

Acquired $33,000 cash from the issue of common stock on January 1, Year 1.

Purchased $1,450 of supplies on account.

Paid $5,760 cash in advance for a one-year lease on office space.

Earned $41,350 of revenue on account.

Incurred $14,450 of other operating expenses on account.

Collected $30,500 cash from accounts receivable.

Paid $9,650 cash on accounts payable.

Paid a $4,300 cash dividend to the stockholders.

Information for Adjusting Entries

There was $280 of supplies on hand at the end of the accounting period.

The lease on the office space covered a one-year period beginning November 1.

There was $4,900 of accrued salaries at the end of the period.

Required

d-4. Prepare a statement of cash flows.

Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.)

PARADISE VACATIONS
Statement of Cash Flows
For the Year ended December 31, Year 1
Cash flows from operating activities
Inflow from customers
Outflow for expenses
	0
Net cash flow from operating activities		$0
Cash flows from investing activities
Cash flows from financing activities
Inflow from stock issue
Outflow for dividends
	0
Net cash flow from financing activities		0
Net change in cash		0
Add: Beginning cash balance		0
Ending cash balance		$0