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A summary of cash flows for Ethos Consulting Group for

A summary of cash flows for Ethos Consulting Group for the year ended May 31, 2018, follows:

Cash receipts:

Cash received from customers.....................................................................$637,500

Cash received from issuing common stock.........................................................62,500

Cash payments:

Cash paid for operating expenses...................................................................475,000

Cash paid for land......................................................................................90,000

Cash paid for dividends...............................................................................17,500

The cash balance as of June 1, 2017, was $58,000.

Prepare a statement of cash flows for Ethos Consulting Group for the year ended May 31, 2018.

A summary of cash flows for Ethos Consulting Group for


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