Submit a paper which is 2-3 pages in length (no more than 3-pages), exclusive of the reference page. Paper should be double spaced in Times New Roman (or its equivalent) font which is no greater than 12 points in size. The paper should cite at least two sources in APA format. One source can be your textbook. In this paper, in addition to presenting the computed answers, please also discuss how you arrived at each answers the accounting problem asks. The accounting problem presents a companys statement of cash flows. The Nice Suit Dry Cleaning Company is in the business of dry cleaning. The statement of cash flows has blank lines. Determine the values that would be appropriate for each blank line. Provide a narrative of how you arrived at each value. In doing so, explain the account being valued and its relationship to the other financial data. For example, if a line in the Operating Activities section was missing, explain that you can derive its value based on knowing other related values. Then explain why this line is reported in the Operating Activities. Please refer to the statement of cash flows of the Nice Suit Dry Cleaning below

Cash Flows from Operating Activities Cash received from customers Cash paid out to suppliers and employees Interest paid Taxes paid 3,701,327 (28,134) 42,046 Net cash provided by operating activities 72,074 Cash Flows from Investing Activities Purchase of equipment 4,272 Net cash used in investing activities Cash Flows from Financing Activities New loans Funds received from lines of credit Repayments on loans Repayments on lines of credit Repayment of note 50,000 26,234 (26,234) 38,501 Net cash used in financing activities 38,501 Net Increase in Cash Cash balances, beginning of year Cash balances, end of year 130,366