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Use the following information to prepare a statement of cash flows for Studio One for the month ended December 31. The cash balance at
Use the following information to prepare a statement of cash flows for Studio One for the month ended December 31. The cash balance at the start of December 1 was $3,200. (Amounts to be deducted should be indicated by a minus sign.) Cash dividends to shareholders Cash received from customers Cash investments from shareholders Cash paid for equipment Cash paid for truck Cash paid for expenditures STUDIO ONE Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash received from customers Cash paid for expenditures $ 4,200 30,100 14,300 5,200 24,200 8,200 $ 30,100 (8,200) 21,900 Cash flows from investing activities Cash paid for equipment (5,200) Cash paid for truck (24,200) (29,400) Cash flows from financing activities Cash dividends to shareholders (4,200) Cash investments from shareholders 14,300 Net cash used by financing activities 10,100 Net decrease in cash Cash balance, December 1 Cash balance, December 31
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