Accounting Cycle Tutorial ! Step 8: Prepare the Financial Statements . Statement of Cash Flows Glossary HINT Activity 4.b-Prepare a Statement of Cash Flows Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information. Within each section of the statement, use the drop-down menus to enter the accounts. Then enter the account balances and calculate ending balances. Enter decreases in cash with a minus sign or parentheses. Cash balance, December 1, 2016 is $18,600 Transactions Dec. 1 Common stock was issued to stockholders for $8,000 cash Purchased equipment for $2,000 on account 14 Paid S20,100 cash for land. 17 Paid cash expenses: office rent, $1,500; employees' salaries, $1,300; utilities, $60 23 Paid cash dividends of $2,500. 26 Earned service revenue for the month, $5,100, receiving cash