On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account of $40,800. During the Year 1 accounting period, the company had (1) net cash inflow from operating activities of $23,600, (2) net cash outflow for investing activities of $31,000, and (3)
net cash outflow from financing activities of $12,500.
Required
a. Prepare a statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.)
MOORE COMPANY
Statement of Cash Flows
For the Year Ended December 31, Year 1
Cash flows from operating activities
Cash flows from investing activities:
Cash flows from financing activities
Ending cash balance