please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation.

Preparing a Statement of Cash Flows Dolores Lopez opened a new consulting business. The following transactions occurred during January of the current year. a. Invested cash in the business, $10,000. b. Paid office rent, $400. c. Purchased office equipment. Paid $1,600 cash and agreed to pay the balance of $2,000 in four monthly installments. d. Received cash for services rendered, $1,100. e. Paid phone bill, $60. f. Made payment on loan in transaction (c), $500. g. Paid wages to part-time employee, $475. h. Received cash for services rendered, $1,200. i. Paid electricity bill, $80. j. Withdrew cash for personal use, $120. k. Paid wages to part-time employee, $475.Dolores Lopez, Consulting Statement of Cash Flows For Month Ended January 31, 20- Cash flows from operating activities: Cash received from clients y 2,400 X Cash paid for rent -500 X Cash paid for phone -60 Cash paid for wages 950 Cash paid for electricity y 80 Total cash paid for operations -1,590 X Net cash provided by operating activities 811 X Cash flows from investing activities: Cash paid for office equipment -1,500 X Net cash used for investing activities -1,500 X Cash flows from financing activities: Cash investment by owner 11,000 X Cash withdrawal by owner -110 X Payment made on loan 500 Net cash provided by financing activities Net increase in cash Check my Work , 0 more Check My W