A summary of cash flows for Ethos Consulting Group for
A summary of cash flows for Ethos Consulting Group for the year ended May 31, 2014, is shown below.
Cash receipts:
Cash received from customers ........... $637,500
Cash received from issuing capital stock ....... 62,500
Cash payments:
Cash paid for operating expenses ......... 475,000
Cash paid for land ........... ..... 90,000
Cash paid for dividends ............. 17,500
The cash balance as of June 1, 2013, was $58,000.
Prepare a statement of cash flows for Ethos Consulting Group for the year ended May 31, 2014.

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