Using the July cash flow projection for Supreme Industries, prepare a cash flow statement for August assuming collection of accounts receivable falls to $9,550 and inventory purchases increase to $11,500

SUPREME INDUSTRIES BEGINNING CASH BALANCE JUNE$4,400.00JULY$3,450.00 Cash Inflows \begin{tabular}{llll} Collection of Accounts Receivable & $11,500.00 & $11,500.00 \\ \cline { 2 - 4 } tal Cash Inflows & $11,500.00 & $11,500.00 \end{tabular} Cash Outflows Inventory Purchases $(8,000.00)$(8,000.00) Operating Expenses Total Cash Outflows \begin{tabular}{ll} $(4,450.00) & $(4,450.00) \\ \hline$(12,450.00) & $(12,450.00) \end{tabular} ENDING CASH BALANCE $3,450.00 $2,500.00