Transactions Dec. 1 Common stock was issued to stockholders for $7,900 cash. 7 Purchased equipment for $1,900 on account. 14 Paid $19.900 cash for land. 17 Paid cash expenses: office rent, 51,400 employees' salaries 51400; utilities, 5100 23 Paid cash dividends of $2,400. 26 Earned service revenue for the month $4.900, receiving cash. SMART TOUCH LEARNING Statement of Cash Flows Month Ended December 31, 2016 Cash flows from Receipts. Corections from customers Payments Net cash provided (used) by Cash flows from Acquistonorlund Net cash provided (used) by Cash flows from Issuance of common stock Payment of cash dividends. Net cash provided (used) by Net increase (decrease in cash Cash balance, December 1, 2016 Cash balance, December 31, 2016