A summary of Ethos Consulting Group's cash flows for the year ended May 31, 2018 is as follows:

Cash Receipts:
Cash received from customers	$647,500
Cash received from the issuance of common shares	63,500
Payments in cash:
Cash paid for operating expenses	485,500
Cash paid for land	90.000
Cash paid by dividends	14,500

The cash balance as of June 1, 2017 was $57,000.

Prepare a statement of cash flows for Ethos Consulting Group for the year ended May 31, 2018.