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Statement of
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.

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