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 $18,500 Transactions Dec. 1 The owner contributed an additional $8,000 cash to the business in exchange for capital. 7 Purchased equipment for $2,000 on account. 14 Paid $19,800 cash for land. 17 Paid cash expenses: office rent, $1,700; employees' salaries, $1,200; utilities, $400. 23 The owner withdrew $2,400. 26 Earned service revenue for the month, $4,900, receiving cash. For utilities For rent -400 -1,700 For salaries -1,200 -3,300 Net cash provided (used) by operating activities 1,600 Cash flows from investing activities Acquisition of Land -19,800 Net cash provided (used) by investing activities Cash flows from financing activities Owner contribution 8,000 Owner withdrawal -2,400 Net cash provided (used) by financing activities Net increase (decrease) in cash Cash balance, December 1, 2016 Cash balance, December 31, 2016 18,500