The Perch Falls Minor Hockey Association was established in Perch Falls in January. Year 5. Its mandate is to promote recreational hockey in the small community of Perch Falls. With the support of the provincial government, local business people, and many individuals, the association raised sufficient funds to build an indoor hockey arena, and it also established an endowment fund for paying travel costs to tournaments on an annual basis. The following schedule summarizes the cash flows for the year ended December 31, Year 5. PERCH FALLS MINOR HOCKEY ASSOCIATION ($800s) Operating Capital Endowment fund fund fund Cash inflows: Government grant for operating costs Government grant for hockey arena Corporate donations for hockey arena Registration fees Contribution for tournaments $108.0 $ 750 270 55.0 $70.0 Rental of hockey arena Interest received 110.0 2.8 273.0 1,020 72.8 Cash outflows: Operating expenses 266.5 Construction of hockey arena Purchase of corporate bonds Travel costs for tournament Cash, end of year 1,020 70.0 2.8 266.5 1,020 72.8 $ 6.5 $ B $ 8