Problem

Preparing Statement of Cash FlowsMaines, Inc., had a cash balance at the beginning of the...

Preparing Statement of Cash Flows

Maines, Inc., had a cash balance at the beginning of the year of $72,000. During the year, the following cash flows occurred:

From operating activities

$136,000

From investing activities

(56,000)

From financing activities

(34,000)

Prepare an abbreviated statement of cash flows, including a reconciliation of the beginning and ending cash balances for the year.

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