A summary of cash flows for Sunset Travel Service for the year ended April 30, 2014, is shown…

A summary of cash flows for Sunset Travel Service for the year ended April 30, 2014, is shown…

A summary of cash flows for Sunset Travel Service for the year ended April 30, 2014, is shown below.Cash receipts:Cash received from customers …….. $1,500,000Cash received from issuing capital stock …. 75,000Cash payments:Cash paid for operating expenses …… 1,215,000Cash paid for land ………….. 240,000Cash paid for dividends ………… 66,000The cash balance as of May 1, 2013, was $220,000.Prepare a statement of cash flows for Sunset Travel Service for the year ended April 30, 2014.View Solution:
A summary of cash flows for Sunset Travel Service for

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