A summary of cash flows for Linda's Design Services for the year ended December 31 is shown below. $\begin{array}{l}
\text { Cash receipts: }\
\begin{array}{lr}
\text { Cash received from customers } & \$ 83,990 \
\text { Cash received from sale of stock } & 25,000
\end{array}
\end{array}$ ? $\begin{array}{lr}
\text { Cash payments: }\
\text { Cash paid for expenses } & \$ 27,000 \
\text { Cash paid for land } & 47,000 \
\text { Cash paid for supplies } & 410 \
\text { Dividends } & 5,000\
\
\text { The cash balance as of January 1}&
\$ 40,600
\end{array}$ ?
Prepare a statement of cash flows for Linda's Design Services for the year ended December 31.

Question

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The Answer of A summary of cash flows for Linda's Design Services for the year ended December 31 is shown below. $\begin{array}{l}
\text { Cash receipts: }\
\begin{array}{lr}
\text { Cash received from customers } & \$ 83,990 \
\text { Cash received from sale of stock } & 25,000
\end{array}
\end{array}$ ? $\begin{array}{lr}
\text { Cash payments: }\
\text { Cash paid for expenses } & \$ 27,000 \
\text { Cash paid for land } & 47,000 \
\text { Cash paid for supplies } & 410 \
\text { Dividends } & 5,000\
\
\text { The cash balance as of January 1}&
\$ 40,600
\end{array}$ ?
Prepare a statement of cash flows for Linda's Design Services for the year ended December 31.

A Summary of Cash Flows for Linda's Design Services for the Year