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Presented below is financial information for Sandhill Company. Cash received from revenues from customers $16,000 Cash...

Presented below is financial information for Sandhill Company. Cash received from revenues from customers $16,000 Cash received from owner (investment) 5,000 Cash paid for new equipment 2,875 Cash paid to owner (drawings) 3,375 Cash paid for expenses 11,875 Cash balance, December 1, 2022 3,750 Prepare a statement of cash flows for the month ended December 31, 2022. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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Answer #1
Statement of Cash Flows
for the month ended 31 Dec 2022
Cash flows from Operating activities
Cash received for revenues from customer $16,000
Cash paid for expenses ($11,875)
Net cash flows from operating activities $4,125
Cash flows from Investing activities
Cash paid for new equipment ($2,875)
Net cash flows from investing activities ($2,875)
Cash flows from financing activities
Cash received from owner $5,000
Cash paid to owner ($3,375)
Net cash flows fron financing activities $1,625
Net Increase (decrease) in Cash $2,875
Cash balance - Dec 1, 2022 $3,750
Cash balance - Dec 31, 2022 $6,625
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