Marilyn Miller began the second year of her floral business with \($12,000\) in cash in her bank account. Using the information below, all of which occurred during Year 2, prepare a statement of cash flow for Marilyn. Evaluate her cash management strategy during Year 2.
1. Sold an equity interest in the business for \($13,000\) cash.
2. Generated revenue from floral sales of \($20,000\), collecting all but \($5,000.
3.\) Incurred operating expenses totaling \($9,000\), of which \($2,000\) remained unpaid at the end of Year 2.
4. Purchased new store equipment for \($5,000\), with a down payment of \($2,500\) cash and signing a note payable for \($2,500.\)
5. Paid shareholders a cash dividend of \($2,800.\)