A Summary of Cash Flows for Evelyn's Event Planning for the Year

question 172

Essay

A summary of cash flows for Evelyn's Event Planning for the year ended December 31 is shown below. Cash receipts:
$\begin{array}{lr}\text { Cash received from customers } & \$ 57,360 \\\text { Cash received from bank loan } & 15,000\end{array}$ ? $\begin{array}{lr}\text { Cash payments: }\\\text { Cash paid for oper ating expenses } & \$ 12,120 \\\text { Cash paid for equipment } & 18,070 \\\text { Cash paid for party supplies } & 9,480 \\\text { Dividends } & 12,000\\\\\text { The cash balance as of January } 1&\$15,580\end{array}$ ?
Prepare a statement of cash flows for Evelyn's Event Planning for the year ended December 31.

---

Definitions:

PKU

Phenylketonuria, a genetic disorder resulting from the inability to metabolize the amino acid phenylalanine, leading to developmental problems if not treated.

Color-blindness

A deficiency in the way one sees color, making it difficult to distinguish certain shades or colors.

Tongue Curling

The ability to roll or curl the tongue into a U-shape, which is believed to be partly influenced by genetics.

Mental Retardation

An outdated and insensitive term historically used to describe individuals with significant intellectual disabilities.