HIN 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 $18,100 Transactions Dec. 1 The owner contributed an additional $8,100 cash to the business in exchange for capital. 7 Purchased equipment for $1,700 on account. 14 Paid $20,100 cash for land, 17 Paid cash expenses: office rent, $1,700; employees salaries, $1,300; utilities, $200. 23 The owner withdrew $2,500 26 Earned service revenue for the month, $5,000, receiving cash. Cash flows from financing activities Owner contribution 8100 Owner withdrawal (2500) Net cash provided (used) by financing activities 5600 Net increase (decrease) in cash 8200 Cash balance, December 1, 2016 18100 Cash balance, December 31, 2016