A summary of cash flows for Linda's Design Services for the year ended December 31...

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Accounting

A summary of cash flows for Linda's Design Services for the year ended December 31 follows:
Line Item Description Amount
Cash receipts:
Cash received from customers $87,900
Cash received from sale of stock 21,000
Cash payments:
Cash paid for expenses $27,900
Cash paid for land 45,700
Cash paid for supplies 480
Dividends 3,000
Cash balance as of January 1 $41,500
Prepare a statement of cash flows for Linda's Design Services for the year ended December 31.

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