Tiger Trade has the following cash transactions for the period. Accounts Amounts $ 32,000 Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse 37,000 (42,000) (10,400) 11, 400 (22, 400) (2,400) 22,000 (4, 400) Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Assume the balance of cash at the beginning of the period is $3,400. Required: 1. Calculate the ending balance of cash. Ending balance 2. Prepare a statement of cash flows. (Cash outflows should be indicated by a minus sign.) TIGER TRADE Statement of Cash Flows Cash Flows from Operating Activities Cash inflows: From sale of products to customers From sale of services to customers For merchandise suppliers Cash outflows: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the year Cash at the end of the year