Below is a summary of all transactions of Pixar Toy Manufacturing for the month of August 2021.

Required:Prepare a statement of cash flows for the month of August 2021, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of August is $25,500.

Transcribed Image Text:

Cash Transactions Cash collections from: $ 93,500 36,000 Customers Sale of unused warehouse Bank borrowing Cash payments for: Employee salaries Office rent 26,000 (65,300) (19,000) (46,000) (11,800) (6,700) (27,700) Manufacturing equipment Office utilities Dividends to stockholders Materials to make toys Noncash Transactions Sales to customers on account 16,400 13,900 18,500 Purchase of materials on account Purchase equipment with promissory note to pay later