Question: Skills Application Assignment: Preparing a Statement of Cash Flows Matt's Carpentry Company was founded in 2020 as a small residential carpentry services company. The company

Skills Application Assignment: Preparing a Statement of Cash Flows Matt's Carpentry Company was founded in 2020 as a small residential carpentry services company.

The company had done reasonably well in 2020-2022, but notice that its

Skills Application Assignment: Preparing a Statement of Cash Flows Matt's Carpentry Company was founded in 2020 as a small residential carpentry services company. The company had done reasonably well in 2020-2022, but notice that its cash was beginning to dwindle early in 2023. In January 2023, the company paid $2,000 cash in dividends. To improve its cash position, Matt's Carpentry borrowed $5,000 by signing a new promissory note in May 2023 and also issued additional shares to the owner for $12,000 cash. Comparative balance sheets and income statements for the most recent fiscal year are presented below. Prepare a statement of cash flows for Matt's Carpentry for the year ended October 31, 2023

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