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A summary of cash flows for Ethos Consulting Group for the year ended May 31, 2018, follows: Cash receipts: Cash received from customers Cash received from issuing common stock Cash payments: Cash paid for operating expenses Cash paid for land Cash paid for dividends $640,000 66,500 489,500 80,000 15,000 The cash balance as of June 1, 201k was $52.000 Statement of cash flows Instructions Labels and Amount DescriptionsStatement of Cash Flows Instructions Labels and Amount Descriptions follows: Labels Cash flows from financing activities Cash flows from operating activities Cash flows used for investing activities For the Year Ended June 1, 2017 For the Year Ended May 31, 2018 June 1, 2017 May 31, 2018 Amount Descriations Cash as of May 31, 2018 Cash as of June 1, 2017 A Th Check My Work 2 more Check My Work uses remaining. Instructions Labels and Amount Descriptions May 31, 2018 Amount Descriptions Cash as of May 31, 2018 Cash as of June 1, 2017 Net cash flows from financing activities Net cash flows from investing activities Net cash flows from operating activities Net cash flows used for financing activities Net cash flows used for investing activities Net cash flows used for operating activities Net decrease in cash Net increase in cash Th Check My Work 2 more Check My Work uses remaining. Show Me How Calculator Print Item ement of cash flows nstructions Labels and Amount Descriptions Statement of Cash Flows structions Labels and Amount Descriptions atement of Cash Flows Cash flows from operating activities: Cash received from customers Net cash flows used for operating activities Net cash flows from operating activities $640,000.00 (489,500.00) 150,500.00 Cash flows used for investing activities: 6 Net cash flows used for investing activities (80,00000) Cash flows from financing activities: Net cash flows used for financing activities 9 Net cash flows from investing activities 10 Net cash flows from financing activities 11 Net increase in cash 66,500.00 (15,000.00) 51,500.00 122,00000 ck My Work 2 more Check My Work uses remaining