Kids 'n Caboodle, a children's clothing store, had the following cash receipts and disbursements for its first year of operations:

The store has no accounts receivable (it accepts only cash or bank cards for payment). At year-end, an employee had earned $200, which the store had not yet paid. Also, at year-end, the store had not paid its most recent utilities bills, which totaled $150.
Required:
Prepare a cash flow statement for the year.

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Receipts: Cash sales Loan proceeds $155,000 21,000 176,000 Total receipts Disbursements Merchandise purchases (all sold this year) Wages Rent and lease payments Other operating outlays Purchase equipment 84,000 33,000 22,000 7,900 10,500 157,400 18,600 Total disbursements Increase in Cash Balance