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 $18,000 Transactions Dec. 1 The owner contributed an additional $7,900 cash to the business in exchange for capital. 7 Purchased equipment for $1,700 on account. 14 Paid $20,000 cash for land. 17 Paid cash expenses: office rent, $1,600; employees' salaries, $1,200; utilities, $200. 23 The owner withdrew $2,500. 26 Earned service revenue for the month, $4,800, receiving cash. SMART TOUCH LEARNING Statement of Cash Flows Month Ended December 31, 2016 Cash flows from operating activities Receipts: Collections from customers 4800 Payments: For utilities -200 For rent -1600 For salaries -1200 -3000 Net cash provided (used) by operating activities 1800 Cash flows from investing activities Acquisition of Land -20000 Net cash provided {used) by investing activities -20000 Cash flows from financing activities Cwner contribution 7900 Owner withdrawal -2500 Net cash provided (used) by financing activities Net increase {decrease) in cash | Cash balance, December 1, 2016 18,000 Cash balance, December 31, 2016