Kids ’n Caboodle, a children’s clothing store, had the following cash receipts and disbursements for its first year of operations:
The store has no accounts receivable (it accepts only cash or bank cards for payment). At year-end, an employee had earned $200, which the store had not yet paid. Also, at year-end, the store had not paid its most recent utilities bills, which totaled $150.
Required:
Prepare a cash flow statement for the year.
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