Based Upon the Flow Information Provided Below for the Year

question 28

Essay

Based upon the flow information provided below for the year ending December 31,2014,prepare a cash flow statement for the Downtown City Motor Pool,an internal service fund.
$\begin{array}{ll}\text { Cash received from customers }&\$830,000\\\text { Cash received from General Fund (noncapitalloan) } & 20,000 \\\text { Interest reventue received } & 1,000 \\\text { Cash received from short-term note payable (not used for capital assets) } & 40,000 \\\text { Payments to employees } & 450,000 \\\text { Payments to suppliers } & 250,000 \\\text { Cash paid to the General Fund - noncapital loan } & 65,000 \\\text { Payments for capital improvements } & 60,000 \\\text { Interest paid on short-term note payable above } & 2,000 \\\text { Principal paid on capital debt } & 50,000 \\\text { Interest paid on capital debt } & 5,000\\\text { Unrestricted Cash (and cash equivalents), Tanuary 1, } 2014&13,000\end{array}$

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Definitions:

Green-tinted Lenses

Eyewear with lenses tinted green, believed to have calming effects on the visual system and reduce eye strain.

Afterimage

A visual illusion where an image continues to appear in one's vision after the exposure to the original image has ceased.

Retinex Theory

A theory that suggests the color of an object is perceived not just by its reflectance but by its context and illumination, explaining color constancy.

Apparent Color

Refers to the color perceived by an observer, which can vary under different lighting conditions.