Answer:
<u>Adventure Travel Service</u>
<u>Statement of cash flows for the year ended April 30, 2019</u>
<u>Cash flow from Operating Activities</u>
Cash receipts from customers $2,080,000
Cash payments for operating expenses ($1,706,000)
Net Cash from Operating Activities $374,000
<u>Cash flow from Investing Activities</u>
Purchase of land ($400,000)
Net Cash from Investing Activities ($400,000)
<u>Cash flow from Financing Activities</u>
Cash receipt from owner as investment $60,000
Drawings ($40,000)
Net Cash from Financing Activities $20,000
Movement in Cash and Cash Equivalents ($6,000)
Beginning Cash and Cash Equivalents $203,000
Ending Cash and Cash Equivalents $197,000
Explanation:
The Statement of Cash flows shows the results of cash from the following sources : Cashflow from Operating Activities, Cashflow from Investing Activities and Cashflow from Financing Activities.
