Inglis City had a beginning cash balance in its enterprise fund of $895,635. During 2017, the following transactions occurred:
1. Interest received on investments totaled $42,400.
2. The city acquired additional equity investments totaling $75,000.
3. A grant was received from the state in the amount of $50,000 for summer interns.
4. Receipts from sales of goods or services totaled $2.915,500.
5. Payments for supplies were made in the amount of $1,642,100.
6. Payments to employees for salaries amounted to $479,300.
7. Equipment was sold for $57,500. It had a book value of $56,625.
8. $25,000 was transferred to the General Fund.
9. Other cash expenses for operations were $89,200.
10. Long-term debt payments totaled $525,000.
Required
Prepare a statement of cash flows for the Inglis City enterprise fund. (Negative amounts should be
indicated by a minus sign.)