Refer to the data in Exercises 1-36B and 1-37B.

Requirement
1. Prepare the statement of cash flows of Croyden Copy Center, Inc., for the month ended July 31, 2013. Using Exhibit 1-11 as a model, show with arrows the relationships among the income statement, statement of retained earnings, balance sheet, and statement of cashflows.

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Payments of cash: Acquisition of equipment. $410,000 Cash balance, July 1, 2013.... S 0 Dividends July 1, 201:3 July 31, 2013 Cash balance, July 31, 2013 Cash receipts: 4,800 11,100 Retained earnings Retained earnings Utilities expense Issuance (sale) of stock Rent expense Equipment 0 48,800 2,500 48,800 410,000 Office supplies 14,800 provided by operations....2,500 Accounts payable.17,300 ue...544,600 to owners 10,500 Adjustments to reconcile net income to net cash Salary expense 157,000 Service revenue