This information is for Paulo Company for the year ended December 31, 2019.

Cash received from revenues from customers..................$600,000

Cash received for issuance of common stock.....................280,000

Cash paid for new equipment.......................................115,000

Cash dividends paid...................................................18,000

Cash paid for expenses..............................................430,000

Cash balance 1/1/19...................................................30,000

Instructions

Prepare the 2019 statement of cash flows for Paulo Company.