Early Morning Company had the following transactions for the month ending January 31, 2025. Early Morning Company’s cash balance on January 1, 2025, was $13,750. 

Prepare the statement of cash flows of Early Morning Company for the month ended January 31, 2025.

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Jan. 1 7 14 17 23 26 Common stock was issued to stockholders for $10,000 cash. Purchased equipment for $2,600 on account. Paid $15,000 cash for land. Paid cash expenses: employees' salaries, $800; office rent, $1,000; utilities, $250. Paid cash dividends of $2,000. Earned service revenue for the month, $4,000, receiving cash.