Eduardo Inc. was organized on July 1, 2009. A summary ofcash flows for July follows.
Cash receipts:
Cash received fromcustomers $169,200
Cash received for capitalstock 648,000
Cash received from notepayable 72,000
Cash payments:
Cash paid out forexpenses $ 60,120
Cash paid out for purchase ofequipment 540,000
Cash paid asdividends 36,000
Prepare a statement of cash flow for the month ended July 31,2009.