Preparing the statement of cash flows Polk Street Homes had the following cash transactions for the month ended July 31, 2018. Cash receipts: Collections from customers $25,000Issued common stock 13,000Cash payments: Rent 500Utilities 2,000Salaries 1500Purchase of equipment 25,000Payment of cash dividends 4,000Cash balance, July 1, 2018 14,000Cash balance, July 31, 2018 19,000Prepare the statement of cash flows for Polk Street Homes for the month ended July 31, 2018.
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