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Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO 1-2, LO 1-3]

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Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021.

Accounts Payable	$157,000
Accounts Receivable	27,000
Cash (balance on September 1, 2020)	87,000
Cash (balance on August 31, 2021)	96,000
Common Stock	100,000
Dividends	10,000
Equipment	767,000
Notes Payable	42,000
Office Expense	155,000
Prepaid Rent	67,000
Retained Earnings (beginning)	422,000
Salaries and Wages Expense	1,015,000
Salaries and Wages Payable	182,000
Sales Revenue	1,868,000
Supplies	44,000
Utilities Expense	590,000

Other cash flow information:
Additional investments by stockholders	$ 41,000
Cash paid to purchase equipment	56,000
Cash paid to suppliers and employees	1,530,000
Repayments of borrowings	167,000
Cash received from customers	1,721,000
Cash received from borrowings	10,000
Dividends paid in cash	10,000

PB1-3 (Algo) Part 4

Prepare a statement of cash flows for the fiscal year ended August 31, 2021. (Cash outflows should be entered as negative amounts.)