Question: Please solve the question below showing ALL work on excel. Similar questions to this have already been solved so all you will need to do

Please solve the question below showing ALL work on excel. Similar questions to this have already been solved so all you will need to do is plug in the values. It should be and straight forward. I'm attaching an image of the question below. I'll make sure to give a thumbs up. Thank you!

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Please solve the question below showing ALL work on excel. Similar questionsto this have already been solved so all you will need to

Statement of Cash Flows Looney Inc. was organized on July 1, Year 1. A summary of cash flows for July follows. Cash receipts: Cash received from customers $307,400 Cash received from issuance of common stock 53,000 Cash received from note payable 31,800 Cash payments: Cash paid out for expenses 174,900 Cash paid out for purchase of equipment 79,500 Cash paid as dividends 10,600 Prepare a statement of cash flows for the month ended July 31, Year 1. Use the minus sign to indicate cash out flows, decreases in cash, or cash payments. If your answer is zero enter "0". Looney Inc. Statement of Cash Flows For the Month Ended July 31, Year 1 Cash flows from operating activities: Cash received from customers Cash paid for expenses Net cash flows from operating activities Cash flows from investing activities: Cash paid for purchase of equipment Cash flows from financing activities: Cash received from issuance of common stock Cash received from note payable Cash dividends paid to stockholders Net cash flows from financing activities Net increase in cash July 1, Year 1 cash balance July 31, Year 1 cash balance

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