Answer:
Explanation:
The preparation of the Cash Flows from three Activities - Direct Method is shown below:  
 Cash flow from Operating activities  
Cash receipts: 
Collections from customers $25,000
Less: Cash payments: 
Rent -$500
Utilities -$2,000
Salaries -$1,500
Net Cash flow from Operating activities $21,000
Cash flow from Investing activities  
Purchase of equipment -$25,000
Net Cash flow from Investing activities -$25,000
Cash flow from Financing activities  
Issued common stock $13,000
Less: Payment of cash dividends -$4,000
Net Cash flow from Financing activities $9,000
Net Cash flow from Operating activities $21,000
Net Cash flow from Investing activities -$25,000
Net Cash flow from Financing activities $9,000
Net increase (decrease) in cash for the year is $5,000
Add: Cash balance, July 1, 2018 $14,000
Cash balance, July 31, 2018 $19,000