Statement of cash flows
A summary of cash flows for Parker Consulting Group for the year ended January 31, 20Y4, follows:
Cash receipts: | |
Cash received from customers | $1,200,000 |
Cash received from issuing common stock | 90,000 |
Cash payments: | |
Cash paid for operating expenses | 800,000 |
Cash paid for land | |
300,000 | |
Cash paid for dividends | 36,000 |
The cash balance as of February 1, 20Y3, was $66,000.
Prepare a statement of cash flows for Parker Consulting Group for the year ended January 31, 20Y4.
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