Excel X Cours Pearson ACT - Sole Proprietorship - Google Chrome - X X a open act.pearsoncmg.com/activity/8/4/2 ? HINT Main Menu Activity 4.b - Prepare a Statement of Cash Flows Assignments Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended ? Help December 31, 2016 from the provided information. Within each section of the statement, Do Homework use the drop-down menus to enter the accounts. Then enter the account balances and Take a Quiz/Test calculate ending balances. Enter decreases in cash with a minus sign or parentheses. Cash balance, December 1, 2016 is $18,900 Transactions correct: Dec. 1 The owner contributed an additional $8,100 cash to the business in exchange for capital. 7 Purchased equipment for $1,800 on account. 10 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, $5,000, receiving cash. SMART TOUCH LEARNING Statement of Cash Flows December 31, 2016 Cash flows from operating activities Type here to search P 80 F Partly sunny 4:55 PM 10/23/2022Excel : X Cours Pearson ACT - Sole Proprietorship - Google Chrome - X X - C open act.pearsoncmg.com/activity/8/4/2 Main Menu December 31, 2016 Assignments Cash flows from operating activities ? Help Do Homework Receipts: Take a Quiz/Test Collections from customers V 5,000 Payments: For salaries V 1200 For utilities V 400 correct: For rent V 1700 Net cash provided (used) by operating activities 1700 10) Cash flows from investing activities Acquisition of Land V 19,800 Net cash provided (used) by investing activities 19,800 Cash flows from financing activities Owner contribution V 8100 Owner withdrawal V (2400) Net cash provided (used) by financing activities V 5700 Net increase (decrease) in cash 32,200 Cash balance, December 1, 2016 32,200 Cash balance, December 31, 2016 51 100 Type here to search 80 F Mostly sunny ~ 4:55 PM 10/23/2022