4. Statement of Cash Flows Crazy for Cricket Inc. Statement of Cash Flows For the month ended 12/31/XX Cash Flows from Operating Activities Cash from customers $4,300 Cash for salaries ($2,800) Cash for prepaid rent ($6,000) Cash from deferred revenue $600 Net cash flow from operating activities ($3,900) Cash Flows from Investing Activities Purchase equipment ($24,000) Net cash flow from investing activities ($24,000) Cash Flows from Financing Activities Issue common stock ($25,000) Borrow from bank ($10,000) Pay dividends ($200) Net cash flow from financing activities ($34,800) Net increase in cash $6,900 Cash at the beginning of the period Cash at the end of the period $6,900 Part 5: You were able to finish this exercise up quite quickly and present them to the owners. However, you knew that there were likely some adjusting entries that should be made. After discussing this with the owners, they agreed with you that the following adjusting entries should be made. Instructions: For each of the below adjusting entries, show the journal entry that needs to be recorded.