Check my work An inexperienced accountant for Prestwick Company prepared the following income statement for the...

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Check my work An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August, current year. PRESTWICK COMPANY AUGUST 31, CURRENT YEAR Revenues: Services provided to customers Investment by stockholders Loan from bank Expenses: $ 12,000 3,600 13,000 $ 28,600 Payments to long-term creditors Expenses required to provide services to customers Purchase of land $ 14,000 8,900 17,000 Net loss 39,900 $ 11,300 Based on the information prepare a statement of cash flows in a form consistent with generally accepted accounting principles. You may assume all transactions were in cash and that the beginning cash balance was $14,900. Note: List any deduction in cash and cash outflows with a minus sign. PRESTWICK COMPANY Statement of Cash Flows For the Month Ended August 31, Current Year Cash flows from operating activities: Check my work An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August, current year. PRESTWICK COMPANY AUGUST 31, CURRENT YEAR Revenues: Services provided to customers Investment by stockholders Loan from bank Expenses: $ 12,000 3,600 13,000 $ 28,600 Payments to long-term creditors Expenses required to provide services to customers Purchase of land $ 14,000 8,900 17,000 Net loss 39,900 $ 11,300 Based on the information prepare a statement of cash flows in a form consistent with generally accepted accounting principles. You may assume all transactions were in cash and that the beginning cash balance was $14,900. Note: List any deduction in cash and cash outflows with a minus sign. PRESTWICK COMPANY Statement of Cash Flows For the Month Ended August 31, Current Year Cash flows from operating activities: