Statement of cash flows
A summary of cash flows for Sunset Travel Service for the year ended April 30, 2014, is shown below.
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Cash receipts:
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Cash received from customers
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$1,500,000
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Cash received from issuing capital stock
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75,000
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Cash payments:
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Cash paid for operating expenses
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1,215,000
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Cash paid for land
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240,000
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Cash paid for dividends
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66,000
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The cash balance as of May 1, 2013, was $220,000. Prepare a statement of cash flows for Sunset Travel Service for the year ended April 30, 2014.