A summary of cash flows for Sentinel Travel Service for
A summary of cash flows for Sentinel Travel Service for the year ended August 31, 2014, is shown below.
Cash receipts:
Cash received from customers ............ $734,000
Cash received from issuing capital stock ........ 36,000
Cash payments:
Cash paid for operating expenses .......... 745,600
Cash paid for land ................ 50,000
Cash paid for dividends ............. 18,000
The cash balance as of September 1, 2013, was $89,000.
Prepare a statement of cash flows for Sentinel Travel Service for the year ended August 31, 2014.

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