A Summary of Cash Flows for Linda's Design Services for the Year

Essay

A summary of cash flows for Linda's Design Services for the year ended December 31 is shown below. $\begin{array}{l}\text { Cash receipts: }\\\begin{array}{lr}\text { Cash received from customers } & \$ 83,990 \\\text { Cash received from sale of stock } & 25,000\end{array}\end{array}$ ? $\begin{array}{lr}\text { Cash payments: }\\\text { Cash paid for expenses } & \$ 27,000 \\\text { Cash paid for land } & 47,000 \\\text { Cash paid for supplies } & 410 \\\text { Dividends } & 5,000\\\\\text { The cash balance as of January 1}&\$ 40,600\end{array}$ ?
Prepare a statement of cash flows for Linda's Design Services for the year ended December 31.